Targa Resources (TRGP) Stock Forecast & Price Target

$164.69 +1.13 (+0.69%)

As of 03:59 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 15 Analyst Ratings

Sell
0

Hold
0

Buy
15

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, 13 have given a buy rating, and 2 have given a strong buy rating for TRGP.

Consensus Price Target

$210.64
27.90% Upside

According to the 15 analysts' twelve-month price targets for Targa Resources, the average price target is $210.64. 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 27.90% from the current price of $164.69.

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TRGP Analyst Ratings Over Time

Type	Current Forecast 4/14/24 to 4/14/25	1 Month Ago 3/15/24 to 3/15/25	3 Months Ago 1/15/24 to 1/14/25	1 Year Ago 4/15/23 to 4/14/24
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	10 Buy rating(s)
Hold	0 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	$210.64	$206.43	$189.21	$115.70
Forecasted Upside	27.90% Upside	8.57% Upside	-5.81% Downside	0.88% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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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	3.13	2.70	2.54
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.80% Upside	983.97% Upside	26.44% Upside
News Sentiment Rating	Positive News See Recent TRGP News	Positive News	Positive News

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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
4/9/2025	Barclays 3 of 5 stars	Theresa Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$211.00 ➝ $206.00	+32.32%
4/7/2025	US Capital Advisors 5 of 5 stars	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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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 Monday at 10:32 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 Sunday, April 6, 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 current stock price is $160.64, which may present a buying opportunity for investors looking to enter at a lower price compared to its 52-week high of $218.51.
Targa Resources Corp. has a strong market capitalization of $35.04 billion, indicating a solid position in the market and potential for growth.
The company reported a return on equity of 28.67%, showcasing its ability to generate profit from shareholders' equity, which is a positive indicator for investors.
With a net margin of 7.81%, Targa Resources Corp. demonstrates effective cost management and profitability, which can lead to higher returns for investors.
Institutional investors and hedge funds own 92.13% of the company's stock, suggesting strong confidence from large financial entities in Targa Resources Corp.'s future performance.

Targa Resources
Bear Case

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

The company missed earnings expectations, reporting $1.44 earnings per share (EPS) compared to the consensus estimate of $1.90, which may raise concerns about its financial performance.
Targa Resources Corp. has a high debt-to-equity ratio of 3.05, indicating that the company relies heavily on debt financing, which can be risky if market conditions change.
The stock has experienced significant volatility, with a beta of 2.32, meaning it is more volatile than the market, which could lead to higher risk for investors.
Recent selling by major institutional investors, such as Clearbridge Investments LLC and Wellington Management Group LLP, may signal a lack of confidence in the company's short-term prospects.
The company’s revenue of $4.41 billion for the last quarter fell short of analyst estimates of $4.48 billion, indicating potential challenges in meeting growth expectations.

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 $210.64, with a high forecast of $246.00 and a low forecast of $140.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 13 buy ratings and 2 strong buy ratings 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 27.90% based on their 12-month stock forecasts.
: Over the previous 90 days, Targa Resources's stock had 1 upgrade by analysts.
: Targa Resources has been rated by research analysts at Barclays, Citigroup, Mizuho, Morgan Stanley, Royal Bank of Canada, Scotiabank, Truist Financial, US Capital Advisors, 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.

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This page (NYSE:TRGP) was last updated on 4/14/2025 by MarketBeat.com Staff

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Targa Resources (TRGP) Stock Forecast & Price Target