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
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 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 8 | 8 | 7 |
| Buy | 8 | 10 | 10 | 10 | 10 | 9 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 18 | 18 | 18 | 18 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $197 → $201 | Buy | Maintains | $197 → $201 | +21.38% | Jul 15, 2025 |
| RBC Capital | RBC Capital | Buy Reiterates $205 | Buy | Reiterates | $205 | +23.79% | Jul 15, 2025 |
| Barclays | Barclays | Buy Maintains $178 → $195 | Buy | Maintains | $178 → $195 | +17.75% | Jul 10, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $189 → $209 | Buy | Maintains | $189 → $209 | +26.21% | Jul 10, 2025 |
| RBC Capital | RBC Capital | Buy Maintains $191 → $205 | Buy | Maintains | $191 → $205 | +23.79% | Jun 26, 2025 |
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%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 28.2B | 32.8B | 38.5B | ||
| Avg | 22.0B | 24.3B | 23.5B | ||
| Low | 17.5B | 18.3B | 5.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 72.1% | 49.0% | 58.4% | ||
| Avg | 34.5% | 10.4% | -3.3% | ||
| Low | 6.7% | -17.0% | -76.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 8.97 | 11.47 | 14.29 | ||
| Avg | 7.76 | 9.65 | 11.22 | ||
| Low | 5.84 | 7.98 | 8.71 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| 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.