Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
267.37
+4.68 (1.78%)
Jun 4, 2026, 4:00 PM EDT - Market closed
Targa Resources Stock Forecast
Stock Price Forecast
According to 22 analysts polled by S&P Global, Targa Resources stock has a consensus rating of "Buy" and an average price target of $283.9. The average 1-year stock price forecast is 6.18% higher than the current stock price, while the lowest is $245 (-8.37%) and the highest is $331 (+23.80%).
Price Target: $283.9 (+6.18%)
Analyst Consensus: Buy
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
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 15 | 15 | 15 | 15 | 13 | 13 |
| Buy | 5 | 5 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 22 | 22 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $270 | Buy | Maintains | $270 | +0.98% | May 29, 2026 |
| Citi | Citi | Buy Reiterates $262 → $303 | Buy | Reiterates | $262 → $303 | +13.33% | May 27, 2026 |
| Mizuho Securities | Mizuho Securities | Buy Reiterates $300 | Buy | Reiterates | $300 | +12.20% | May 27, 2026 |
| Bank of America Securities | Bank of America Securities | Buy Maintains $253 → $300 | Buy | Maintains | $253 → $300 | +12.20% | May 27, 2026 |
| Barclays | Barclays | Buy Reiterates $255 → $262 | Buy | Reiterates | $255 → $262 | -2.01% | May 14, 2026 |
Financial Forecast
Revenue This Year
20.08B
from 17.03B
Increased by 17.94%
Revenue Next Year
22.76B
from 20.08B
Increased by 13.34%
EPS This Year
10.70
from 8.49
Increased by 26.00%
EPS Next Year
12.14
from 10.70
Increased by 13.50%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 22.7B | ||
| Avg | 20.1B | ||
| Low | 17.7B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 33.2% | ||
| Avg | 17.9% | ||
| Low | 4.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 11.61 | ||
| Avg | 10.70 | ||
| Low | 9.60 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 36.7% | ||
| Avg | 26.0% | ||
| Low | 13.1% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.