Targa Resources (TRGP) Stock Forecast & Price Target

$200.89 -3.81 (-1.86%)

Closing price 03:59 PM Eastern

Extended Trading

$201.78 +0.88 (+0.44%)

As of 07:39 PM Eastern

Targa Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 14 Analyst Ratings

Sell
0

Hold
1

Buy
13

Based on 14 Wall Street analysts who have issued ratings for Targa Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 14 analysts, 1 has given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for TRGP.

Consensus Price Target

$203.77
1.43% Upside

According to the 14 analysts' twelve-month price targets for Targa Resources, the average price target is $203.77. The highest price target for TRGP is $246.00, while the lowest price target for TRGP is $140.00. The average price target represents a forecasted upside of 1.43% from the current price of $200.89.

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TRGP Analyst Ratings Over Time

Type	Current Forecast 2/22/24 to 2/21/25	1 Month Ago 1/23/24 to 1/22/25	3 Months Ago 11/24/23 to 11/23/24	1 Year Ago 2/22/23 to 2/22/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$203.77	$189.21	$176.50	$106.09
Forecasted Upside	1.43% Upside	-10.37% Downside	-14.86% Downside	7.84% Upside
Consensus Rating	Buy	Buy	Buy	Buy

TRGP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRGP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Targa Resources Stock vs. The Competition

Type	Targa Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.00	2.62	2.53
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.25% Upside	2,289.78% Upside	14.41% Upside
News Sentiment Rating	Positive News See Recent TRGP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/21/2025	Wells Fargo & Company 3 of 5 stars	Michael Blum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$204.00 ➝ $220.00	+7.36%
2/20/2025	Mizuho 2 of 5 stars	Gabriel Moreen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$208.00 ➝ $226.00	+14.86%
1/13/2025	Barclays 3 of 5 stars	Christine Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$171.00 ➝ $204.00	+4.12%
1/10/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$218.00	+11.37%
12/19/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $223.00	+28.81%
12/13/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$225.00 ➝ $220.00	+18.18%
11/26/2024	US Capital Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
11/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $224.00	+10.01%
11/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$182.00 ➝ $246.00	+26.42%
11/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$172.00 ➝ $199.00	+3.17%
Get the Latest News and Ratings for TRGP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter.
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$173.00 ➝ $202.00	+19.83%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$182.00	+11.91%
9/3/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Staszak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$140.00 ➝ $145.00	+10.97%
2/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$104.00 ➝ $112.00	+14.67%
4/21/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$95.00 ➝ $100.00	+32.26%
4/20/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Suki Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:11 PM ET.

Should I Buy Targa Resources Stock? TRGP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, February 20, 2025. Please send any questions or comments about these Targa Resources pros and cons to contact@marketbeat.com.

Targa Resources
Bull Case

Here are some ways that investors could benefit from investing in Targa Resources Corp.:

The company recently issued a dividend of $0.75, which translates to an annualized dividend of $3.00, providing a yield of 1.46%. This can be attractive for income-focused investors.
Targa Resources Corp. has a relatively low dividend payout ratio of 54.25%, indicating that it retains a significant portion of its earnings for reinvestment, which could support future growth.
Analysts have shown strong confidence in the stock, with a consensus rating of "Buy" and a target price averaging $189.21, suggesting potential for price appreciation.
Recent upgrades from multiple research firms, including UBS and Barclays, have increased price targets significantly, reflecting positive sentiment and expectations for the company's performance.
The current stock price is positioned favorably within the analyst target ranges, indicating that there may be room for growth based on market expectations.

Targa Resources
Bear Case

Investors should be bearish about investing in Targa Resources Corp. for these reasons:

Despite the positive outlook, one analyst has rated the stock as a "hold," suggesting that there may be concerns about its short-term performance or valuation.
The downgrade from US Capital Advisors from a "moderate buy" to a "hold" rating indicates that some analysts may see potential risks or a lack of immediate upside.
Market volatility and fluctuations in energy prices could impact Targa Resources Corp.'s performance, as it operates in the midstream infrastructure sector, which is sensitive to such changes.
With a significant portion of its operations tied to the energy sector, any regulatory changes or shifts in energy policy could pose risks to the company's business model.
The competitive landscape in the midstream sector is intense, and Targa Resources Corp. may face challenges in maintaining its market position against other players.

TRGP Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Targa Resources is $203.77, with a high forecast of $246.00 and a low forecast of $140.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There is currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TRGP shares.
: According to analysts, Targa Resources's stock has a predicted upside of 1.43% based on their 12-month stock forecasts.
: Over the previous 90 days, Targa Resources's stock had 1 downgrade by analysts.
: Targa Resources has been rated by research analysts at Barclays, Mizuho, Scotiabank, The Goldman Sachs Group, Truist Financial, US Capital Advisors, and Wells Fargo & Company in the past 90 days.
: Analysts like Targa Resources more than other "oils/energy" companies. The consensus rating for Targa Resources is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how TRGP compares to other companies.

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This page (NYSE:TRGP) was last updated on 2/21/2025 by MarketBeat.com Staff

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Targa Resources (TRGP) Stock Forecast & Price Target