Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
205.55
-0.02 (-0.01%)
Mar 26, 2025, 10:19 AM EDT - Market open
Targa Resources Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Targa Resources stock have an average target of 205.11, with a low estimate of 140 and a high estimate of 246. The average target predicts a decrease of -0.21% from the current stock price of 205.55.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Targa Resources stock from 18 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 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 8 | 8 |
| Buy | 7 | 7 | 7 | 8 | 8 | 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 | 16 | 16 | 17 | 16 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $204 → $211 | Buy | Maintains | $204 → $211 | +2.65% | Mar 21, 2025 |
| Truist Securities | Truist Securities | Strong Buy Maintains $220 → $235 | Strong Buy | Maintains | $220 → $235 | +14.33% | Mar 18, 2025 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $202 → $244 | Buy | Maintains | $202 → $244 | +18.71% | Mar 17, 2025 |
| Scotiabank | Scotiabank | Buy Maintains $218 → $210 | Buy | Maintains | $218 → $210 | +2.16% | Mar 6, 2025 |
| RBC Capital | RBC Capital | Buy Maintains $220 → $221 | Buy | Maintains | $220 → $221 | +7.52% | Mar 3, 2025 |
Financial Forecast
Revenue This Year
22.74B
from 16.38B
Increased by 38.80%
Revenue Next Year
24.29B
from 22.74B
Increased by 6.84%
EPS This Year
8.17
from 5.74
Increased by 42.40%
EPS Next Year
9.59
from 8.17
Increased by 17.38%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 28.8B | 31.9B | 33.9B | |
| Avg | 22.7B | 24.3B | 24.8B | |
| Low | 17.4B | 18.0B | 18.6B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 76.0% | 40.3% | 39.4% | |
| Avg | 38.8% | 6.8% | 2.1% | |
| Low | 6.3% | -20.6% | -23.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 9.53 | 11.30 | 11.79 | |
| Avg | 8.17 | 9.59 | 10.28 | |
| Low | 6.80 | 8.23 | 8.98 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 66.1% | 38.2% | 22.9% | |
| Avg | 42.4% | 17.4% | 7.1% | |
| Low | 18.5% | 0.7% | -6.4% |
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.