Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
165.60
-0.04 (-0.02%)
At close: Jul 25, 2025, 4:00 PM
164.51
-1.09 (-0.66%)
After-hours: Jul 25, 2025, 7:50 PM EDT

Targa Resources Stock Forecast

Stock Price Forecast

The 16 analysts that cover Targa Resources stock have a consensus rating of "Strong Buy" and an average price target of $208.88, which forecasts a 26.14% increase in the stock price over the next year. The lowest target is $174 and the highest is $244.

Price Target: $208.88 (+26.14%)
Analyst Consensus: Strong Buy
TargetLowAverageMedianHigh
Price$174$208.88$209$244
Change+5.07%+26.14%+26.21%+47.34%

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

RatingFeb '25Mar '25Apr '25May '25Jun '25Jul '25
Strong Buy888887
Buy8101010109
Hold000000
Sell000000
Strong Sell000000
Total161818181816

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Scotiabank
Scotiabank
Buy
Maintains
$197$201
BuyMaintains$197$201+21.38%Jul 15, 2025
RBC Capital
RBC Capital
Buy
Reiterates
$205
BuyReiterates$205+23.79%Jul 15, 2025
Barclays
Barclays
Buy
Maintains
$178$195
BuyMaintains$178$195+17.75%Jul 10, 2025
JP Morgan
JP Morgan
Buy
Maintains
$189$209
BuyMaintains$189$209+26.21%Jul 10, 2025
RBC Capital
RBC Capital
Buy
Maintains
$191$205
BuyMaintains$191$205+23.79%Jun 26, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
22.03B
from 16.38B
Increased by 34.45%
Revenue Next Year
24.32B
from 22.03B
Increased by 10.44%
EPS This Year
7.76
from 5.74
Increased by 35.24%
EPS Next Year
9.65
from 7.76
Increased by 24.33%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026Dec 31, 2027
Revenue
8.26B16.95B20.93B16.06B16.38B22.03B24.32B23.52B
Revenue Growth
-4.74%105.20%23.48%-23.27%2.00%34.45%10.44%-3.31%
EPS
-7.26-0.073.883.665.747.769.6511.22
EPS Growth
----5.67%56.83%35.24%24.33%16.27%
Forward PE
-----21.3317.1614.76
No. Analysts
-----212018
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026202720282029
High28.2B32.8B38.5B
Avg22.0B24.3B23.5B
Low17.5B18.3B5.8B

Revenue Growth

Revenue Growth20252026202720282029
High
72.1%
49.0%
58.4%
Avg
34.5%
10.4%
-3.3%
Low
6.7%
-17.0%
-76.0%

EPS Forecast

EPS20252026202720282029
High8.9711.4714.29
Avg7.769.6511.22
Low5.847.988.71

EPS Growth

EPS Growth20252026202720282029
High
56.2%
47.7%
48.1%
Avg
35.2%
24.3%
16.3%
Low
1.8%
2.8%
-9.7%
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.