Targa Resources Corp. (TRGP)
NYSE: TRGP · IEX Real-Time Price · USD
136.37
+0.20 (0.15%)
At close: Jul 19, 2024, 4:00 PM
135.49
-0.88 (-0.65%)
Pre-market: Jul 22, 2024, 4:39 AM EDT
Targa Resources Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Targa Resources stock have an average target of 128.73, with a low estimate of 105 and a high estimate of 147. The average target predicts a decrease of -5.60% from the current stock price of 136.37.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for TRGP stock from 15 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 7 | 6 | 7 | 7 |
| Buy | 5 | 7 | 8 | 8 | 8 | 8 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 13 | 15 | 14 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $128 → $142 | Buy | Maintains | $128 → $142 | +4.13% | Jul 17, 2024 |
| Barclays | Barclays | Buy Maintains $123 → $138 | Buy | Maintains | $123 → $138 | +1.20% | Jul 3, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $140 → $145 | Buy | Maintains | $140 → $145 | +6.33% | Jul 2, 2024 |
| Argus Research | Argus Research | Strong Buy Initiates $140 | Strong Buy | Initiates | $140 | +2.66% | Jun 26, 2024 |
| UBS | UBS | Strong Buy Maintains $116 → $147 | Strong Buy | Maintains | $116 → $147 | +7.79% | Jun 11, 2024 |
Financial Forecast
Revenue This Year
20.45B
from 16.06B
Increased by 27.30%
Revenue Next Year
23.28B
from 20.45B
Increased by 13.84%
EPS This Year
5.30
from 3.66
Increased by 44.71%
EPS Next Year
7.65
from 5.30
Increased by 44.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.4B | 29.6B | 34.0B | 19.9B | 20.5B |
| Avg | 20.4B | 23.3B | 22.6B | 18.9B | 19.9B |
| Low | 16.0B | 16.8B | 17.2B | 17.9B | 19.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 45.7% | 44.7% | 46.1% | -12.1% | 8.1% |
| Avg | 27.3% | 13.8% | -3.0% | -16.1% | 5.0% |
| Low | -0.6% | -17.8% | -25.9% | -20.9% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.32 | 15.93 | 10.99 | 9.75 | 8.58 |
| Avg | 5.30 | 7.65 | 8.11 | 8.74 | 8.33 |
| Low | 4.01 | 5.95 | 6.70 | 7.69 | 8.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.7% | 200.7% | 43.7% | 20.3% | -1.9% |
| Avg | 44.7% | 44.5% | 6.0% | 7.8% | -4.7% |
| Low | 9.5% | 12.3% | -12.4% | -5.2% | -8.4% |
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.