Targa Resources Corp. (TRGP)

Targa Resources Stock Forecast

Stock Price Forecast

The 14 analysts that cover Targa Resources stock have a consensus rating of "Strong Buy" and an average price target of $257.29, which forecasts a 6.90% increase in the stock price over the next year. The lowest target is $196 and the highest is $327.

Price Target: $257.29 (+6.90%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$196	$257.29	$262	$327
Change	-18.57%	+6.90%	+8.85%	+35.86%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	5	4	4	5	6	6
Buy	10	10	10	8	8	8
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	14	14	13	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Mackay Goldman Sachs	Goldman Sachs	Strong Buy Maintains $242 → $268	Strong Buy	Maintains	$242 → $268	+11.35%	Apr 20, 2026
Brandon Bingham Scotiabank	Scotiabank	Buy Maintains $246 → $249	Buy	Maintains	$246 → $249	+3.45%	Apr 13, 2026
Elvira Scotto RBC Capital	RBC Capital	Buy Maintains $260 → $270	Buy	Maintains	$260 → $270	+12.18%	Apr 13, 2026
Gabe Daoud Truist Securities	Truist Securities	Strong Buy Maintains $279 → $285	Strong Buy	Maintains	$279 → $285	+18.41%	Apr 13, 2026
Theresa Chen Barclays	Barclays	Buy Maintains $226 → $255	Buy	Maintains	$226 → $255	+5.95%	Apr 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

22.19B

Increased by 30.33%

from 17.03B

Revenue Next Year

23.65B

Increased by 6.55%

from 22.19B

EPS This Year

10.24

Increased by 20.62%

from 8.49

EPS Next Year

11.58

Increased by 13.06%

from 10.24

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	16.95B	20.93B	16.06B	16.38B	17.03B	22.19B	23.65B
Revenue Growth	105.20%	23.48%	-23.27%	2.00%	3.95%	30.33%	6.55%
EPS	-0.07	3.88	3.66	5.74	8.49	10.24	11.58
EPS Growth	-	-	-5.67%	56.83%	47.91%	20.62%	13.06%
Forward PE	-	-	-	-	-	23.50	20.79
No. Analysts	-	-	-	-	-	22	23

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	31.2B	27.4B
Avg	22.2B	23.6B
Low	15.7B	17.8B

Revenue Growth

Revenue Growth	2026	2027	2028
High	83.5%	23.5%
Avg	30.3%	6.6%
Low	-7.5%	-19.8%

EPS Forecast

EPS	2026	2027	2028
High	11.35	13.31
Avg	10.24	11.58
Low	8.59	9.56

EPS Growth

EPS Growth	2026	2027	2028
High	33.7%	30.0%
Avg	20.6%	13.1%
Low	1.2%	-6.7%

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.