Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
162.30
-0.35 (-0.22%)
Oct 3, 2025, 4:00 PM EDT - Market closed
Targa Resources Stock Forecast
Stock Price Forecast
The 17 analysts that cover Targa Resources stock have a consensus rating of "Strong Buy" and an average price target of $206.65, which forecasts a 27.33% increase in the stock price over the next year. The lowest target is $174 and the highest is $244.
Price Target: $206.65 (+27.33%)
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 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 7 | 7 | 7 | 7 |
| Buy | 10 | 10 | 10 | 9 | 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 | 18 | 18 | 17 | 16 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Initiates $185 | Buy | Initiates | $185 | +13.99% | Sep 19, 2025 |
| Mizuho | Mizuho | Buy Maintains $212 → $207 | Buy | Maintains | $212 → $207 | +27.54% | Aug 29, 2025 |
| Scotiabank | Scotiabank | Buy Maintains $201 → $204 | Buy | Maintains | $201 → $204 | +25.69% | Aug 14, 2025 |
| RBC Capital | RBC Capital | Buy Maintains $205 → $208 | Buy | Maintains | $205 → $208 | +28.16% | Aug 12, 2025 |
| Wells Fargo | Wells Fargo | Buy Maintains $198 → $205 | Buy | Maintains | $198 → $205 | +26.31% | Aug 8, 2025 |
Financial Forecast
Revenue This Year
19.85B
from 16.38B
Increased by 21.14%
Revenue Next Year
24.02B
from 19.85B
Increased by 21.02%
EPS This Year
8.26
from 5.74
Increased by 43.82%
EPS Next Year
9.92
from 8.26
Increased by 20.13%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 24.0B | 31.5B | |||
| Avg | 19.8B | 24.0B | |||
| Low | 16.2B | 18.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 46.6% | 58.9% | |||
| Avg | 21.1% | 21.0% | |||
| Low | -1.0% | -4.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 9.39 | 13.02 | |
| Avg | 8.26 | 9.92 | |
| Low | 6.02 | 7.79 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 63.5% | 57.7% | |
| Avg | 43.8% | 20.1% | |
| Low | 4.8% | -5.6% |
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.