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 $288.76. The average 1-year stock price forecast is 2.54% higher than the current stock price, while the lowest is $245 (-13.00%) and the highest is $331 (+17.54%).

Price Target: $288.76 (+2.54%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$245	$288.76	$289	$331
Change	-13.00%	+2.54%	+2.63%	+17.54%

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	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
Theresa Chen Barclays	Barclays	Buy Maintains $270 → $282	Buy	Maintains	$270 → $282	+0.14%	Jul 13, 2026
Jeremy Tonet J.P. Morgan	J.P. Morgan	Buy Maintains $291 → $315	Buy	Maintains	$291 → $315	+11.86%	Jul 9, 2026
Hans Engel Erste Group	Erste Group	Buy Initiates n/a	Buy	Initiates	n/a	n/a	Jun 25, 2026
Michael Blum Wells Fargo	Wells Fargo	Buy Maintains $224 → $327	Buy	Maintains	$224 → $327	+16.12%	Jun 25, 2026
Julien Dumoulin Smith Jefferies	Jefferies	Buy Maintains $314	Buy	Maintains	$314	+11.51%	Jun 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.18B

from 17.03B

18.50%

from 17.03B

Revenue Next Year

22.91B

from 20.18B

13.53%

from 20.18B

EPS This Year

11.31

from 9.00

25.70%

from 9.00

EPS Next Year

12.37

from 11.31

9.44%

from 11.31

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	16.95B	20.93B	16.06B	16.38B	17.03B	20.18B
Revenue Growth	105.20%	23.48%	-23.27%	2.00%	3.95%	18.50%
Gross Profit	3.22B	4.05B	5.38B	5.68B	6.52B	6.61B
Gross Margin	19.00%	19.34%	33.52%	34.66%	38.29%	32.77%
Operating Income	1.32B	1.73B	2.63B	2.70B	3.33B	3.91B
Net Income	71.20M	1.20B	1.35B	1.31B	1.92B	2.29B
EPS	-	-	-	-	9.00	11.31
EPS Growth	-	-	-	-	34.42%	25.70%
Forward PE	19.90	13.74	15.65	23.77	20.26	24.90
Dividend / Share	0.65	1.40	2.00	3.00	4.00	4.93
Dividend Growth	-	115.38%	42.86%	50.00%	33.33%	23.31%
Free Cash Flow	1.36B	243.11M	203.20M	280.73M	-264.40M	-39.53M
No. Analysts	-	-	-	-	-	8

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	22.7B
Avg	20.2B
Low	17.7B

Revenue Growth

Revenue Growth	2026	2027	2028
High	33.2%
Avg	18.5%
Low	4.1%

EPS Forecast

EPS	2026	2027	2028
High	11.95
Avg	11.31
Low	10.37

EPS Growth

EPS Growth	2026	2027	2028
High	32.9%
Avg	25.7%
Low	15.3%