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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
Buy | 4 | 4 | 4 | 4 | 5 | 7 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 10 | 10 | 10 | 10 | 11 | 13 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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.