Targa Resources (TRGP) Stock Forecast & Price Target

$207.30 +2.34 (+1.14%)

As of 09:50 AM 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 15 Analyst Ratings

Sell
0

Hold
1

Buy
14

Based on 15 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 15 analysts, 1 has given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for TRGP.

Consensus Price Target

$211.00
1.79% Upside

According to the 15 analysts' twelve-month price targets for Targa Resources, the average price target is $211.00. 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 1.79% from the current price of $207.30.

Get the Latest News and Ratings for TRGP and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Targa Resources and its competitors.

TRGP Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	10 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 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	$211.00	$203.77	$181.43	$111.00
Forecasted Upside	1.79% Upside	1.43% Upside	0.39% Upside	-0.55% Downside
Consensus Rating	Buy	Buy	Buy	Buy

Remove Ads

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	Energy Companies	S&P 500
Consensus Rating Score	3.00	2.72	2.54
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.92% Upside	2,373.34% Upside	16.92% Upside
News Sentiment Rating	Positive News See Recent TRGP News	Positive News	Positive News

Remove Ads

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
3/21/2025	Barclays 3 of 5 stars	Theresa Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$204.00 ➝ $211.00	+6.52%
3/18/2025	Truist Financial 2 of 5 stars	Neal Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$220.00 ➝ $235.00	+19.54%
3/17/2025	Morgan Stanley 3 of 5 stars	Robert Kad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$202.00 ➝ $244.00	+25.12%
3/6/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$218.00 ➝ $210.00	+15.53%
3/3/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Elvira Scotto Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$220.00 ➝ $221.00	+9.51%
2/25/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Spiro Dounis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$218.00 ➝ $227.00	+14.54%
2/21/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gabriel Moreen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$208.00 ➝ $226.00	+14.86%
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%
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
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.
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%
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%
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 Tuesday at 09:50 AM 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 Friday, March 14, 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 stock has shown strong performance recently, trading at approximately $190.56, reflecting a 4.2% increase in value, which may indicate positive market sentiment.
Analysts have a consensus rating of "Buy" for Targa Resources Corp., with a significant number of buy ratings and a consensus price target of $206.43, suggesting potential for price appreciation.
The company reported a solid revenue of $4.41 billion in its latest quarterly earnings, indicating strong operational performance, although it slightly missed analyst estimates.
Targa Resources Corp. has a high return on equity of 28.67%, which suggests effective management and profitability relative to shareholder equity, making it an attractive investment.
Institutional ownership is high at 92.13%, indicating strong confidence from large investors, which can be a positive signal for retail investors.

Targa Resources
Bear Case

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

The company has a high debt-to-equity ratio of 3.05, which indicates that it relies heavily on debt financing. This could pose risks, especially in a rising interest rate environment.
Insider selling has been notable, with significant shares sold recently, which may raise concerns about the confidence of insiders in the company's future performance.
The stock's price-to-earnings ratio is relatively high at 33.19, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
Recent earnings missed analyst expectations by a notable margin, which could indicate potential challenges in meeting future growth targets.
The company's quick ratio of 0.61 and current ratio of 0.77 suggest potential liquidity issues, meaning it may struggle to cover short-term liabilities with its current assets.

TRGP Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Targa Resources is $211.00, with a high forecast of $246.00 and a low forecast of $140.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There is currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TRGP shares.
: According to analysts, Targa Resources's stock has a predicted upside of 1.79% based on their 12-month stock forecasts.
: Targa Resources has been rated by research analysts at Barclays, Citigroup, Mizuho, Morgan Stanley, Royal Bank of Canada, Scotiabank, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Targa Resources more than other "energy" companies. The consensus rating for Targa Resources is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how TRGP compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (NYSE:TRGP) was last updated on 3/25/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Targa Resources (TRGP) Stock Forecast & Price Target