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

OverviewRevenueOwnershipFinancialsChartTranscripts

TRGP Stock Forecast

Targa Resources (TRGP) stock forecast, based on 33 Wall Street analysts, predicts a 12-month average price target of $234.80, with a high of $266.00 and a low of $207.00. This represents a -1.41% decline from the last price of $238.16.

$50 $100 $150 $200 $250 $300 High: $266 Avg: $234.8 Low: $207 Last Closed Price: $238.16

TRGP Stock Rating

Targa Resources stock's rating consensus is Buy, based on 33 Wall Street analysts. The breakdown includes 1 Strong Buy (3.03%), 27 Buy (81.82%), 5 Hold (15.15%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 33 5 27 1 Strong Sell Sell Hold Buy Strong Buy

TRGP Price Target Upside V Benchmarks

TypeNameUpside
StockTarga Resources-1.41%
SectorEnergy Stocks -0.38%
IndustryOil & Gas Midstream Stocks -2.26%

Price Target Trends

1M3M12M
# Anlaysts61119
Avg Price Target$238.17$229.18$223.21
Last Closing Price$238.16$238.16$238.16
Upside/Downside0.00%-3.77%-6.28%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Mar, 265151--21
Feb, 265151--21
Jan, 265161--22
Dec, 255161--22
Nov, 255161--22
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 24, 2026Holly StewartScotiabank$246.00$229.477.20%3.29%
Feb 20, 2026Goldman Sachs$242.00$231.354.60%1.61%
Feb 20, 2026Ameet ThakkarBMO Capital$241.00$227.925.74%1.19%
Feb 20, 2026Selman AkyolStifel Nicolaus$243.00$224.168.40%2.03%
Feb 20, 2026Barclays$226.00$224.160.82%-5.11%
Feb 18, 2026Seaport Global$231.00$228.591.05%-3.01%
Jan 28, 2026Morgan Stanley$266.00$199.9633.03%11.69%
Jan 16, 2026Scotiabank$224.00$182.7322.59%-5.95%
Jan 12, 2026John MackeyGoldman Sachs$196.00$176.8610.82%-17.70%
Dec 18, 2025Wells Fargo$207.00$182.3713.51%-13.08%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Feb 24, 2026ScotiabankOutperformOutperformhold
Feb 24, 2026CitigroupBuyBuyhold
Feb 24, 2026ScotiabankSector OutperformSector Outperformhold
Feb 23, 2026Cowen & Co.HoldHoldhold
Feb 20, 2026Goldman SachsBuyBuyhold
Feb 20, 2026BMO CapitalOutperformOutperformhold
Feb 20, 2026BarclaysOverweightOverweighthold
Feb 18, 2026Seaport GlobalBuyBuyhold
Jan 28, 2026Morgan StanleyOverweightOverweighthold
Jan 16, 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 33 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 27 Buy, 5 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 33 Wall Street analysts, averages $234.8 over the next 12 months. The price target range spans from $207 at the low end to $266 at the high end, suggesting a potential -1.41% change from the previous closing price of $238.16.

How does Targa Resources stock forecast compare to its benchmarks?

Targa Resources's stock forecast shows a -1.41% downside, underperforming the average forecast for the energy stocks sector (-0.38%) and outperforming the oil & gas midstream stocks industry (-2.26%).

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

  • March 2026: 23.81% Strong Buy, 71.43% Buy, 4.76% Hold, 0% Sell, 0% Strong Sell.
  • February 2026: 23.81% Strong Buy, 71.43% Buy, 4.76% Hold, 0% Sell, 0% Strong Sell.
  • January 2026: 22.73% Strong Buy, 72.73% Buy, 4.55% 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.