Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
166.19
+6.63 (4.16%)
At close: May 12, 2025, 4:00 PM
166.19
0.00 (0.00%)
After-hours: May 12, 2025, 7:00 PM EDT
Targa Resources Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Targa Resources stock have an average target of 198.83, with a low estimate of 140 and a high estimate of 246. The average target predicts an increase of 19.64% from the current stock price of 166.19.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Targa Resources stock from 18 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 8 | 8 | 8 | 8 |
| Buy | 7 | 8 | 8 | 10 | 10 | 10 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 16 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $227 → $197 | Strong Buy | Maintains | $227 → $197 | +18.54% | May 9, 2025 |
| RBC Capital | RBC Capital | Buy Maintains $199 → $191 | Buy | Maintains | $199 → $191 | +14.93% | May 8, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $218 → $194 | Strong Buy | Maintains | $218 → $194 | +16.73% | May 5, 2025 |
| Scotiabank | Scotiabank | Buy Maintains $201 → $199 | Buy | Maintains | $201 → $199 | +19.74% | Apr 29, 2025 |
| Mizuho | Mizuho | Buy Maintains $226 → $218 | Buy | Maintains | $226 → $218 | +31.18% | Apr 28, 2025 |
Financial Forecast
Revenue This Year
23.40B
from 16.38B
Increased by 42.86%
Revenue Next Year
25.40B
from 23.40B
Increased by 8.54%
EPS This Year
8.30
from 5.74
Increased by 44.60%
EPS Next Year
9.83
from 8.30
Increased by 18.38%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 28.8B | 32.8B | 38.5B | |
| Avg | 23.4B | 25.4B | 24.2B | |
| Low | 17.5B | 18.0B | 6.2B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 76.0% | 40.2% | 51.7% | |
| Avg | 42.9% | 8.5% | -4.8% | |
| Low | 7.0% | -22.9% | -75.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 9.77 | 11.47 | 14.29 | |
| Avg | 8.30 | 9.83 | 11.56 | |
| Low | 6.78 | 8.42 | 9.79 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 70.1% | 38.1% | 45.4% | |
| Avg | 44.6% | 18.4% | 17.7% | |
| Low | 18.1% | 1.4% | -0.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.