Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
202.84
-0.73 (-0.36%)
At close: Nov 20, 2024, 4:00 PM
204.50
+1.66 (0.82%)
Pre-market: Nov 21, 2024, 7:32 AM EST

Targa Resources Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Targa Resources stock have an average target of 171.88, with a low estimate of 105 and a high estimate of 246. The average target predicts a decrease of -15.26% from the current stock price of 202.84.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $105 $171.88 $174 $246
Change -48.24% -15.26% -14.22% +21.28%

Analyst Ratings

The average analyst rating for TRGP stock from 16 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 788899
Buy 887777
Hold 000000
Sell 000000
Strong Sell 000000
Total 151615151616

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stifel
Stifel
Strong Buy
Maintains
$190$224
Strong Buy Maintains $190$224 +10.43% Nov 20, 2024
UBS
UBS
Strong Buy
Maintains
$182$246
Strong Buy Maintains $182$246 +21.28% Nov 15, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$175$225
Strong Buy Maintains $175$225 +10.92% Nov 15, 2024
RBC Capital
RBC Capital
Buy
Maintains
$172$199
Buy Maintains $172$199 -1.89% Nov 11, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$153$190
Buy Maintains $153$190 -6.33% Nov 6, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
18.20B
from 16.06B
Increased by 13.30%
Revenue Next Year
21.86B
from 18.20B
Increased by 20.11%
EPS This Year
6.02
from 3.66
Increased by 64.51%
EPS Next Year
8.37
from 6.02
Increased by 39.07%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
8.67B8.26B16.95B20.93B16.06B18.20B21.86B20.90B
Revenue Growth
-17.29%-4.74%105.20%23.48%-23.27%13.30%20.11%-4.40%
EPS
-1.44-7.26-0.073.883.666.028.379.37
EPS Growth
-----5.67%64.51%39.07%11.90%
Forward PE
-----33.6924.2321.65
No. Analysts -----201916
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 20.7B 29.7B 26.8B
Avg 18.2B 21.9B 20.9B
Low 15.2B 14.7B 15.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
28.9%
63.0%
22.7%
Avg
13.3%
20.1%
-4.4%
Low
-5.5%
-19.0%
-30.1%

EPS Forecast

EPS 20242025202620272028
High 6.97 15.93 11.30
Avg 6.02 8.37 9.37
Low 3.94 5.90 7.53

EPS Growth

EPS Growth 20242025202620272028
High
90.5%
164.6%
34.9%
Avg
64.5%
39.1%
11.9%
Low
7.6%
-2.0%
-10.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.