Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
263.43
-1.17 (-0.44%)
Aug 4, 2026, 1:47 PM EDT - Market open
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 $297.29. The average 1-year stock price forecast is 12.85% higher than the current stock price, while the lowest is $257 (-2.44%) and the highest is $333 (+26.41%).
Price Target: $297.29 (+12.85%)
Analyst Consensus: Buy
Price Target
ChartAnalyst 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
| Rating | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 15 | 15 | 15 | 13 | 14 | 14 |
| Buy | 5 | 5 | 5 | 6 | 6 | 6 |
| Hold | 1 | 2 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 22 | 22 | 22 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $331 → $333 | Buy | Maintains | $331 → $333 | +26.41% | Jul 21, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $281 → $310 | Buy | Maintains | $281 → $310 | +17.68% | Jul 21, 2026 |
| BMO Capital | BMO Capital | Buy Maintains $271 → $303 | Buy | Maintains | $271 → $303 | +15.02% | Jul 17, 2026 |
| TD Cowen | TD Cowen | Hold Maintains $245 → $270 | Hold | Maintains | $245 → $270 | +2.49% | Jul 16, 2026 |
| Truist Financial | Truist Financial | Buy Maintains $312 | Buy | Maintains | $312 | +18.44% | Jul 16, 2026 |
Financial Forecast
Revenue This Year
19.80B
from 17.03B
Increased by 16.30%
Revenue Next Year
23.02B
from 19.80B
Increased by 16.22%
EPS This Year
11.42
from 9.00
Increased by 26.91%
EPS Next Year
11.94
from 11.42
Increased by 4.57%
EPS and Forward PE are based on non-GAAP adjusted numbers.