Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
161.28
+0.82 (0.51%)
May 27, 2025, 3:45 PM - Market open
Targa Resources Stock Forecast
Stock Price Forecast
According to 18 professional analysts, the 12-month price target for Targa Resources stock ranges from a low of $140 to a high of $244. The average analyst price target of $195.61 forecasts a 21.29% increase in the stock price over the next year.
Price Target: $195.61 (+21.29%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Targa Resources stock 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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 8 | 8 | 8 | 8 |
| Buy | 7 | 8 | 8 | 10 | 10 | 10 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 16 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Buy Maintains $218 → $212 | Buy | Maintains | $218 → $212 | +31.45% | May 20, 2025 |
| Scotiabank | Scotiabank | Buy Maintains $199 → $193 | Buy | Maintains | $199 → $193 | +19.67% | May 20, 2025 |
| Barclays | Barclays | Buy Maintains $206 → $178 | Buy | Maintains | $206 → $178 | +10.37% | May 20, 2025 |
| UBS | UBS | Strong Buy Maintains $259 → $228 | Strong Buy | Maintains | $259 → $228 | +41.37% | May 15, 2025 |
| Citigroup | Citigroup | Strong Buy Maintains $227 → $197 | Strong Buy | Maintains | $227 → $197 | +22.15% | May 9, 2025 |
Financial Forecast
Revenue This Year
22.63B
from 16.38B
Increased by 38.12%
Revenue Next Year
24.76B
from 22.63B
Increased by 9.42%
EPS This Year
8.00
from 5.74
Increased by 39.35%
EPS Next Year
9.66
from 8.00
Increased by 20.75%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 28.2B | 32.8B | 38.5B | |
| Avg | 22.6B | 24.8B | 23.8B | |
| Low | 17.5B | 18.3B | 6.2B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 72.1% | 45.0% | 55.7% | |
| Avg | 38.1% | 9.4% | -3.7% | |
| Low | 6.9% | -19.2% | -74.8% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 9.30 | 11.47 | 14.29 | |
| Avg | 8.00 | 9.66 | 11.27 | |
| Low | 5.89 | 7.98 | 9.20 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 62.0% | 43.3% | 48.0% | |
| Avg | 39.4% | 20.7% | 16.7% | |
| Low | 2.6% | -0.3% | -4.7% |
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.