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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 $328.79, with a high of $359.00 and a low of $294.00. This represents a 8.74% increase from the last price of $302.37.

$150 $200 $250 $300 $350 $400 High: $359 Avg: $328.79 Low: $294 Last Closed Price: $302.37

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%), 27 Buy (79.41%), 6 Hold (17.65%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 34 6 27 1 Strong Sell Sell Hold Buy Strong Buy

TRGP Price Target Upside V Benchmarks

TypeNameUpside
StockTarga Resources8.74%
SectorEnergy Stocks 8.25%
IndustryOil & Gas Midstream Stocks 15.09%

Price Target Trends

1M3M12M
# Anlaysts72151
Avg Price Target$323.43$328.19$287.73
Last Closing Price$302.37$302.37$302.37
Upside/Downside6.96%8.54%-4.84%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 266151--22
Sep, 266143--23
Aug, 266143--23
Jul, 266143--23
Jun, 266133--22
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2026BMO Capital$328.00$296.7410.53%8.48%
Oct 20, 2026Raymond James$340.00$295.2215.17%12.45%
Oct 15, 2026Scotiabank$319.00$282.9612.74%5.50%
Oct 15, 2026Julien Dumoulin-SmithJefferies$326.00$280.5616.20%7.81%
Oct 13, 2026John MackayGoldman Sachs$322.00$293.049.88%6.49%
Oct 09, 2026Stifel Nicolaus$335.00$288.4916.12%10.79%
Oct 08, 2026Barclays$294.00$283.963.54%-2.77%
Sep 21, 2026Truist Financial$345.00$292.1918.07%14.10%
Sep 16, 2026Morgan Stanley$359.00$285.6425.68%18.73%
Sep 11, 2026Gabriel MoreenMizuho Securities$320.00$289.2210.64%5.83%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 21, 2026BMO CapitalOutperformOutperformhold
Oct 20, 2026Raymond JamesStrong BuyStrong Buyhold
Oct 15, 2026ScotiabankOutperformOutperformhold
Oct 15, 2026JefferiesBuyBuyhold
Oct 13, 2026Goldman SachsBuyBuyhold
Oct 13, 2026CitigroupBuyBuyhold
Oct 08, 2026BarclaysOverweightOverweighthold
Sep 18, 2026Cowen & Co.HoldBuyupgrade
Sep 16, 2026Morgan StanleyOverweightOverweighthold
Sep 10, 2026ScotiabankOutperformOutperformhold

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, 27 Buy, 6 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 $328.79 over the next 12 months. The price target range spans from $294 at the low end to $359 at the high end, suggesting a potential 8.74% change from the previous closing price of $302.37.

How does Targa Resources stock forecast compare to its benchmarks?

Targa Resources's stock forecast shows a 8.74% upside, outperforming the average forecast for the energy stocks sector (8.25%) and underperforming the oil & gas midstream stocks industry (15.09%).

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

  • October 2026: 27.27% Strong Buy, 68.18% Buy, 4.55% Hold, 0% Sell, 0% Strong Sell.
  • September 2026: 26.09% Strong Buy, 60.87% Buy, 13.04% Hold, 0% Sell, 0% Strong Sell.
  • August 2026: 26.09% Strong Buy, 60.87% Buy, 13.04% 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.