Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
271.99
+4.51 (1.69%)
At close: May 15, 2026, 4:00 PM EDT
272.07
+0.08 (0.03%)
After-hours: May 15, 2026, 7:09 PM EDT
Targa Resources Stock Forecast
Stock Price Forecast
The 15 analysts that cover Targa Resources stock have a consensus rating of "Strong Buy" and an average price target of $258.4, which forecasts a -5.00% decrease in the stock price over the next year. The lowest target is $196 and the highest is $331.
Price Target: $258.4 (-5.00%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 6 | 6 | 6 |
| Buy | 10 | 10 | 8 | 8 | 8 | 8 |
| Hold | 0 | 0 | 0 | 0 | 0 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 13 | 14 | 14 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $255 → $262 | Buy | Maintains | $255 → $262 | -3.67% | May 14, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $327 → $331 | Buy | Maintains | $327 → $331 | +21.70% | May 12, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $249 → $257 | Buy | Maintains | $249 → $257 | -5.51% | May 12, 2026 |
| Truist Securities | Truist Securities | Strong Buy Maintains $285 → $289 | Strong Buy | Maintains | $285 → $289 | +6.25% | May 12, 2026 |
| TD Cowen | TD Cowen | Hold Maintains $236 → $245 | Hold | Maintains | $236 → $245 | -9.92% | May 11, 2026 |
Financial Forecast
Revenue This Year
21.34B
from 17.03B
Increased by 25.31%
Revenue Next Year
23.88B
from 21.34B
Increased by 11.92%
EPS This Year
10.36
from 8.49
Increased by 22.01%
EPS Next Year
11.77
from 10.36
Increased by 13.59%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 24.4B | 27.4B | |
| Avg | 21.3B | 23.9B | |
| Low | 15.7B | 17.8B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 43.1% | 28.4% | |
| Avg | 25.3% | 11.9% | |
| Low | -7.5% | -16.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 11.42 | 14.47 | |
| Avg | 10.36 | 11.77 | |
| Low | 8.79 | 9.55 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 34.6% | 39.7% | |
| Avg | 22.0% | 13.6% | |
| Low | 3.5% | -7.8% |
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 sources.