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Targa Resources (TRGP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

TRGP Stock Forecast

Targa Resources (TRGP) stock forecast, based on 34 Wall Street analysts, predicts a 12-month average price target of $283.15, with a high of $333.00 and a low of $231.00. This represents a 0.65% increase from the last price of $281.33.

$50 $110 $170 $230 $290 $350 High: $333 Avg: $283.15 Low: $231 Last Closed Price: $281.33

TRGP Stock Rating

Targa Resources stock's rating consensus is Buy, based on 34 Wall Street analysts. The breakdown includes 1 Strong Buy (2.94%), 26 Buy (76.47%), 7 Hold (20.59%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 34 7 26 1 Strong Sell Sell Hold Buy Strong Buy

TRGP Price Target Upside V Benchmarks

TypeNameUpside
StockTarga Resources0.65%
SectorEnergy Stocks 9.28%
IndustryOil & Gas Midstream Stocks 2.53%

Price Target Trends

1M3M12M
# Anlaysts41431
Avg Price Target$310.75$291.79$257.71
Last Closing Price$281.33$281.33$281.33
Upside/Downside10.46%3.72%-8.40%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jul, 266143--23
Jun, 266133--22
May, 265152--22
Apr, 265152--22
Mar, 265151--21
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 21, 2026Morgan Stanley$333.00$279.6919.06%18.37%
Jul 21, 2026RBC Capital$310.00$282.359.79%10.19%
Jul 13, 2026Theresa ChenBarclays$282.00$273.353.16%0.24%
Jul 09, 2026Manav GuptaUBS$318.00$277.5814.56%13.03%
Jun 23, 2026Barclays$270.00$264.512.08%-4.03%
Jun 18, 2026Julien Dumoulin-SmithJefferies$314.00$260.7420.43%11.61%
May 27, 2026Gabriel MoreenMizuho Securities$300.00$269.8911.16%6.64%
May 14, 2026Theresa ChenBarclays$262.00$263.29-0.49%-6.87%
May 12, 2026RBC Capital$281.00$253.7210.75%-0.12%
May 12, 2026Morgan Stanley$331.00$254.2730.18%17.66%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jul 21, 2026Morgan StanleyOverweightOverweighthold
Jul 21, 2026RBC CapitalOutperformOutperformhold
Jul 16, 2026Cowen & Co.HoldHoldhold
Jul 13, 2026BarclaysOverweightOverweighthold
Jul 09, 2026UBSBuyBuyhold
Jun 23, 2026BarclaysOverweightOverweighthold
Jun 18, 2026JefferiesBuyinitialise
May 27, 2026CitigroupBuyBuyhold
May 14, 2026BarclaysOverweightOverweighthold
May 12, 2026RBC CapitalOutperformOutperformhold

Financial Forecast

EPS Forecast

$-5 $0 $5 $10 $15 $20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.07$3.95$3.69$5.77$8.54---
Avg Forecast$1.95$3.82$4.86$6.11$8.05$9.60$11.10$13.26
High Forecast$2.29$4.98$6.41$6.73$9.01$11.01$12.74$18.42
Low Forecast$1.65$2.79$3.84$5.85$6.93$8.62$9.60$8.93
Surprise %-103.59%3.40%-24.07%-5.56%6.09%---

Revenue Forecast

$10B $21B $32B $43B $54B $65B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$17.44B$21.68B$15.62B$16.63B$17.14B---
Avg Forecast$15.79B$21.76B$15.61B$16.49B$21.26B$23.67B$18.28B$46.84B
High Forecast$17.96B$26.86B$16.63B$21.42B$27.28B$24.54B$18.39B$60.86B
Low Forecast$13.96B$17.28B$15.04B$12.34B$17.10B$22.81B$18.17B$35.06B
Surprise %10.43%-0.36%0.06%0.85%-19.41%---

Net Income Forecast

$-2B $-300M $900M $2B $3B $5B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$71.20M$1.14B$828.20M$1.27B$1.84B---
Avg Forecast$-876.27M$-936.90M$828.20M$1.42B$1.66B$1.96B$2.17B$3.00B
High Forecast$-574.28M$-599.31M$1.14B$1.52B$2.04B$2.49B$2.88B$4.16B
Low Forecast$-1.18B$-1.27B$513.88M$1.32B$1.57B$1.95B$2.17B$2.02B
Surprise %-108.13%-221.92%--10.70%11.40%---

TRGP Forecast FAQ

Is Targa Resources stock a buy?

Targa Resources stock has a consensus rating of Buy, based on 34 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 26 Buy, 7 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Targa Resources is a favorable investment for most analysts.

What is Targa Resources's price target?

Targa Resources's price target, set by 34 Wall Street analysts, averages $283.15 over the next 12 months. The price target range spans from $231 at the low end to $333 at the high end, suggesting a potential 0.65% change from the previous closing price of $281.33.

How does Targa Resources stock forecast compare to its benchmarks?

Targa Resources's stock forecast shows a 0.65% upside, underperforming the average forecast for the energy stocks sector (9.28%) and underperforming the oil & gas midstream stocks industry (2.53%).

What is the breakdown of analyst ratings for Targa Resources over the past three months?

  • July 2026: 26.09% Strong Buy, 60.87% Buy, 13.04% Hold, 0% Sell, 0% Strong Sell.
  • June 2026: 27.27% Strong Buy, 59.09% Buy, 13.64% Hold, 0% Sell, 0% Strong Sell.
  • May 2026: 22.73% Strong Buy, 68.18% Buy, 9.09% Hold, 0% Sell, 0% Strong Sell.

What is Targa Resources’s EPS forecast?

Targa Resources's average annual EPS forecast for its fiscal year ending in December 2026 is $9.6, marking a 12.41% increase from the reported $8.54 in 2025. Estimates for the following years are $11.1 in 2027, and $13.26 in 2028.

What is Targa Resources’s revenue forecast?

Targa Resources's average annual revenue forecast for its fiscal year ending in December 2026 is $23.67B, reflecting a 38.15% increase from the reported $17.14B in 2025. The forecast for 2027 is $18.28B, and $46.84B for 2028.

What is Targa Resources’s net income forecast?

Targa Resources's net income forecast for the fiscal year ending in December 2026 stands at $1.96B, representing an 6.06% increase from the reported $1.84B in 2025. Projections indicate $2.17B in 2027, and $3B in 2028.