Targa Resources Corp. (TRGP)

Targa Resources Stock Forecast

Stock Price Forecast

The 18 analysts that cover Targa Resources stock have a consensus rating of "Strong Buy" and an average price target of $195.83, which forecasts a 15.43% increase in the stock price over the next year. The lowest target is $140 and the highest is $244.

Price Target: $195.83 (+15.43%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$140	$195.83	$197	$244
Change	-17.48%	+15.43%	+16.12%	+43.83%

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	8	8	8	8	8	8
Buy	9	8	10	10	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	17	16	18	18	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brandon Bingham Scotiabank	Scotiabank	Buy Maintains $193 → $197	Buy	Maintains	$193 → $197	+16.12%	Jun 5, 2025
Gabriel Moreen Mizuho	Mizuho	Buy Maintains $218 → $212	Buy	Maintains	$218 → $212	+24.96%	May 20, 2025
Brandon Bingham Scotiabank	Scotiabank	Buy Maintains $199 → $193	Buy	Maintains	$199 → $193	+13.76%	May 20, 2025
Theresa Chen Barclays	Barclays	Buy Maintains $206 → $178	Buy	Maintains	$206 → $178	+4.92%	May 20, 2025
Shneur Gershuni UBS	UBS	Strong Buy Maintains $259 → $228	Strong Buy	Maintains	$259 → $228	+34.39%	May 15, 2025

Full Analyst Rating History

Financial Forecast

Revenue This Year

22.26B

Increased by 35.86%

from 16.38B

Revenue Next Year

24.77B

Increased by 11.31%

from 22.26B

EPS This Year

8.00

Increased by 39.35%

from 5.74

EPS Next Year

9.66

Increased by 20.75%

from 8.00

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	8.26B	16.95B	20.93B	16.06B	16.38B	22.26B	24.77B	23.77B
Revenue Growth	-4.74%	105.20%	23.48%	-23.27%	2.00%	35.86%	11.31%	-4.06%
EPS	-7.26	-0.07	3.88	3.66	5.74	8.00	9.66	11.27
EPS Growth	-	-	-	-5.67%	56.83%	39.35%	20.75%	16.68%
Forward PE	-	-	-	-	-	21.21	17.56	15.05
No. Analysts	-	-	-	-	-	19	18	16

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	22.3B	24.8B	23.8B
Low	17.5B	18.3B	6.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	72.1%	47.4%	55.6%
Avg	35.9%	11.3%	-4.1%
Low	6.9%	-17.8%	-74.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	9.30	11.47	14.29
Avg	8.00	9.66	11.27
Low	5.89	7.98	9.20

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	62.0%	43.3%	48.0%
Avg	39.4%	20.7%	16.7%
Low	2.6%	-0.3%	-4.7%

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.