Targa Resources Corp. (TRGP)
NYSE: TRGP · IEX Real-Time Price · USD
111.99
+0.94 (0.85%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Targa Resources Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Targa Resources stock have an average target of 108.69, with a low estimate of 90 and a high estimate of 125. The average target predicts a decrease of -2.95% from the current stock price of 111.99.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $90 $108.69 $108 $125
Change -19.64% -2.95% -3.56% +11.62%

Analyst Ratings

The average analyst rating for TRGP stock from 13 stock analysts 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 666666
Buy 444457
Hold 000000
Sell 000000
Strong Sell 000000
Total 101010101113

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Truist Securities
Truist Securities
Strong Buy
Maintains
$105$120
Strong Buy Maintains $105$120 +7.15% Mar 20, 2024
Barclays
Barclays
Buy
Maintains
$105$116
Buy Maintains $105$116 +3.58% Mar 19, 2024
JP Morgan
JP Morgan
Buy
Maintains
$122$125
Buy Maintains $122$125 +11.62% Mar 6, 2024
RBC Capital
RBC Capital
Buy
Maintains
$106$109
Buy Maintains $106$109 -2.67% Feb 26, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$104$112
Strong Buy Maintains $104$112 +0.01% Feb 21, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
20.64B
from 16.06B
Increased by 28.52%
Revenue Next Year
22.96B
from 20.64B
Increased by 11.25%
EPS This Year
5.62
from 3.66
Increased by 53.54%
EPS Next Year
7.56
from 5.62
Increased by 34.49%
Year 201920202021202220232024202520262027
Revenue
8.67B8.26B16.95B20.93B16.06B20.64B22.96B13.71B20.84B
Revenue Growth
-17.29%-4.74%105.20%23.48%-23.27%28.52%11.25%-40.31%52.02%
EPS
-1.44-7.26-0.073.883.665.627.567.616.91
EPS Growth
-----5.67%53.54%34.49%0.74%-9.31%
No. Analysts -----2019103
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 26.2B 30.3B 19.3B 21.4B
Avg 20.6B 23.0B 13.7B 20.8B
Low 15.0B 16.3B 5.0B 20.0B

Revenue Growth

Revenue Growth 2024202520262027
High
63.1%
47.0%
-16.1%
56.5%
Avg
28.5%
11.2%
-40.3%
52.0%
Low
-6.8%
-21.0%
-78.3%
46.1%

EPS Forecast

EPS 2024202520262027
High 6.68 15.93 8.27 7.11
Avg 5.62 7.56 7.61 6.91
Low 4.01 5.76 6.77 6.63

EPS Growth

EPS Growth 2024202520262027
High
82.5%
183.4%
9.4%
-6.6%
Avg
53.5%
34.5%
0.7%
-9.3%
Low
9.5%
2.5%
-10.4%
-12.9%
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.