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 $285.71. The average 1-year stock price forecast is 7.28% higher than the current stock price, while the lowest is $245 (-8.01%) and the highest is $331 (+24.29%).

Price Target: $285.71 (+7.28%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$245	$285.71	$285	$331
Change	-8.01%	+7.28%	+7.01%	+24.29%

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	14
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	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin Smith Jefferies	Jefferies	Buy Maintains $314	Buy	Maintains	$314	+17.90%	Jun 23, 2026
Theresa Chen Barclays	Barclays	Buy Reiterates $262 → $270	Buy	Reiterates	$262 → $270	+1.38%	Jun 23, 2026
Robert Kad Morgan Stanley	Morgan Stanley	Buy Maintains $331	Buy	Maintains	$331	+24.29%	Jun 9, 2026
Michael Blum Wells Fargo	Wells Fargo	Buy Maintains $270	Buy	Maintains	$270	+1.38%	May 29, 2026
Spiro M. Dounis Citi	Citi	Buy Reiterates $262 → $303	Buy	Reiterates	$262 → $303	+13.77%	May 27, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.07B

from 17.03B

17.85%

from 17.03B

Revenue Next Year

22.79B

from 20.07B

13.56%

from 20.07B

EPS This Year

11.35

from 9.00

26.20%

from 9.00

EPS Next Year

12.31

from 11.35

8.40%

from 11.35

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	20.07B
Revenue Growth	105.20%	23.48%	-23.27%	2.00%	3.95%	17.85%
Gross Profit	3.22B	4.05B	5.38B	5.68B	6.52B	6.62B
Gross Margin	19.00%	19.34%	33.52%	34.66%	38.29%	33.01%
Operating Income	1.32B	1.73B	2.63B	2.70B	3.33B	3.90B
Net Income	71.20M	1.20B	1.35B	1.31B	1.92B	2.29B
EPS	-	-	-	-	9.00	11.35
EPS Growth	-	-	-	-	34.42%	26.20%
Forward PE	19.90	13.74	15.65	23.77	20.26	23.46
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	-142.68M
No. Analysts	-	-	-	-	-	8

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

Revenue Forecast

Revenue	2026	2027	2028
High	22.7B
Avg	20.1B
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	12.08
Avg	11.35
Low	10.37

EPS Growth

EPS Growth	2026	2027	2028
High	34.3%
Avg	26.2%
Low	15.3%