Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
200.36
-4.34 (-2.12%)
Feb 21, 2025, 4:00 PM EST - Market closed
Targa Resources Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Targa Resources stock have an average target of 197.67, with a low estimate of 140 and a high estimate of 246. The average target predicts a decrease of -1.34% from the current stock price of 200.36.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Targa Resources 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 9 | 9 | 9 | 7 |
| Buy | 7 | 7 | 7 | 7 | 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 | 15 | 16 | 16 | 16 | 17 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $204 → $220 | Buy | Maintains | $204 → $220 | +9.80% | Feb 21, 2025 |
| Mizuho | Mizuho | Buy Maintains $208 → $226 | Buy | Maintains | $208 → $226 | +12.80% | Feb 20, 2025 |
| Barclays | Barclays | Buy Maintains $171 → $204 | Buy | Maintains | $171 → $204 | +1.82% | Jan 13, 2025 |
| Scotiabank | Scotiabank | Buy Initiates $218 | Buy | Initiates | $218 | +8.80% | Jan 10, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $185 → $223 | Strong Buy | Maintains | $185 → $223 | +11.30% | Dec 19, 2024 |
Financial Forecast
Revenue This Year
17.99B
from 16.06B
Increased by 11.98%
Revenue Next Year
22.50B
from 17.99B
Increased by 25.08%
EPS This Year
6.24
from 3.66
Increased by 70.54%
EPS Next Year
8.17
from 6.24
Increased by 30.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.7B | 29.7B | 29.2B | ||
| Avg | 18.0B | 22.5B | 22.5B | ||
| Low | 15.9B | 16.8B | 18.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.9% | 64.9% | 29.9% | ||
| Avg | 12.0% | 25.1% | -0.1% | ||
| Low | -1.1% | -6.9% | -20.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.41 | 9.53 | 11.30 | ||
| Avg | 6.24 | 8.17 | 9.59 | ||
| Low | 5.06 | 6.80 | 8.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 102.5% | 52.7% | 38.2% | ||
| Avg | 70.5% | 31.0% | 17.4% | ||
| Low | 38.2% | 9.0% | 0.7% |
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.