Targa Resources Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Targa Resources stock has a consensus rating of "Buy" and an average price target of $305.24. The average 1-year stock price forecast is 3.73% higher than the current stock price, while the lowest is $257 (-12.66%) and the highest is $351 (+19.28%).

Price Target: $305.24 (+3.73%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$257	$305.24	$303	$351
Change	-12.66%	+3.73%	+2.97%	+19.28%

Analyst Ratings

The average analyst rating for Targa Resources stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	15	15	13	14	14	14
Buy	5	5	6	6	6	6
Hold	2	2	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	22	22	23	23	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gabriel Daoud Truist Financial	Truist Financial	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Aug 18, 2026
Robert Kad Morgan Stanley	Morgan Stanley	Buy Maintains $343	Buy	Maintains	$343	+16.56%	Aug 18, 2026
John Mackay Goldman Sachs	Goldman Sachs	Buy Maintains $299 → $310	Buy	Maintains	$299 → $310	+5.35%	Aug 18, 2026
Julien Dumoulin Smith Jefferies	Jefferies	Buy Maintains $324 → $345	Buy	Maintains	$324 → $345	+17.24%	Aug 18, 2026
Manav Gupta UBS	UBS	Buy Maintains $318	Buy	Maintains	$318	+8.07%	Aug 17, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

18.93B

from 17.03B

11.19%

from 17.03B

Revenue Next Year

22.96B

from 18.93B

21.29%

from 18.93B

EPS This Year

11.50

from 9.00

27.82%

from 9.00

EPS Next Year

12.08

from 11.50

5.07%

from 11.50

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	16.95B	20.93B	16.06B	16.38B	17.03B	18.93B
Revenue Growth	105.20%	23.48%	-23.27%	2.00%	3.95%	11.19%
Gross Profit	3.22B	4.05B	5.38B	5.68B	6.52B	7.07B
Gross Margin	19.00%	19.34%	33.52%	34.66%	38.29%	37.36%
Operating Income	1.32B	1.73B	2.63B	2.70B	3.33B	4.06B
Net Income	71.20M	1.20B	1.35B	1.31B	1.92B	2.41B
EPS	-	-	-	-	9.00	11.50
EPS Growth	-	-	-	-	34.42%	27.82%
Forward PE	19.90	13.74	15.65	23.77	20.26	25.59
Dividend / Share	0.65	1.40	2.00	3.00	4.00	4.99
Dividend Growth	62.50%	115.39%	42.86%	50.00%	33.33%	24.69%
Free Cash Flow	1.36B	243.11M	203.20M	280.73M	-264.40M	285.70M
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	21.0B
Avg	18.9B
Low	16.8B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	23.3%
Avg	11.2%
Low	-1.5%

EPS Forecast

Chart

EPS	2026	2027	2028
High	12.09
Avg	11.50
Low	11.00

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	34.4%
Avg	27.8%
Low	22.3%