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Targa Resources (TRGP) Stock Forecast & Price Target

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$174.47 +0.09 (+0.05%)
As of 02:48 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

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

$204.69
17.32% Upside
According to the 15 analysts' twelve-month price targets for Targa Resources, the average price target is $204.69. The highest price target for TRGP is $244.00, while the lowest price target for TRGP is $145.00. The average price target represents a forecasted upside of 17.32% from the current price of $174.47.
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TRGP Analyst Ratings Over Time

TypeCurrent Forecast
6/30/24 to 6/30/25
1 Month Ago
5/31/24 to 5/31/25
3 Months Ago
4/1/24 to 4/1/25
1 Year Ago
7/1/23 to 6/30/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
Hold
0 Hold rating(s)
0 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$204.69$198.79$211.00$129.46
Forecasted Upside17.32% Upside26.05% Upside3.86% Upside0.53% 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.
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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.
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Targa Resources Stock vs. The Competition

TypeTarga ResourcesEnergy CompaniesS&P 500
Consensus Rating Score
3.13
2.68
2.53
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside17.70% Upside65.01% Upside12.46% Upside
News Sentiment Rating
Positive News

See Recent TRGP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/26/2025Royal Bank Of Canada
4 of 5 stars
Elvira Scotto
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Reiterated RatingOutperform ➝ Outperform$191.00 ➝ $205.00+17.99%
6/5/2025Scotiabank
5 of 5 stars
T. Richardson
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Boost TargetSector Outperform ➝ Sector Outperform$193.00 ➝ $197.00+21.62%
5/20/2025Mizuho
3 of 5 stars
Gabriel Moreen
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Set TargetOutperform ➝ Outperform$218.00 ➝ $212.00+30.24%
5/20/2025Barclays
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Theresa Chen
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Lower TargetOverweight ➝ Overweight$206.00 ➝ $178.00+8.15%
5/15/2025UBS Group
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Shneur Gershuni
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Lower TargetBuy ➝ Buy$259.00 ➝ $228.00+38.02%
5/9/2025Citigroup
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Spiro Dounis
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Lower TargetBuy ➝ Buy$227.00 ➝ $197.00+23.07%
5/5/2025The Goldman Sachs Group
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John Mackay
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Lower TargetBuy ➝ Buy$218.00 ➝ $194.00+22.91%
4/7/2025US Capital Advisors
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J. Carreker
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UpgradeHold ➝ Strong-Buy
3/18/2025Truist Financial
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Neal Dingmann
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Boost TargetBuy ➝ Buy$220.00 ➝ $235.00+19.54%
3/17/2025Morgan Stanley
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Robert Kad
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Boost TargetOverweight ➝ Overweight$202.00 ➝ $244.00+25.12%
2/21/2025Wells Fargo & Company
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Michael Blum
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Boost TargetOverweight ➝ Overweight$204.00 ➝ $220.00+7.36%
11/20/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$190.00 ➝ $224.00+10.01%
10/17/2024Bank of America
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 Initiated CoverageBuy$182.00+11.91%
9/3/2024Argus
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J. Staszak
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UpgradeStrong-Buy
7/2/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$140.00 ➝ $145.00+10.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:04 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 Saturday, June 28, 2025. Please send any questions or comments about these Targa Resources pros and cons to contact@marketbeat.com.

Targa Resources
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $174, reflecting a strong market interest in the company.
  • Institutional investors own a significant majority (over 92%) of Targa Resources Corp., indicating strong confidence from large financial entities.
  • Recent analyst ratings show a consensus "Buy" rating, with several firms raising their price targets, suggesting potential for price appreciation.
  • The company reported a solid revenue of $4.56 billion in its latest earnings, demonstrating robust operational performance despite missing some analyst expectations.
  • Targa Resources Corp. has a high return on equity, indicating effective management and profitability relative to shareholder equity.

Targa Resources
Bear Case

red Wall Street bear icon

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

  • The company has a high debt-to-equity ratio, which may indicate financial risk and reliance on borrowed funds for growth.
  • Recent earnings results showed a significant miss on EPS estimates, which could raise concerns about future profitability.
  • Market volatility has affected stock performance, with fluctuations in trading volumes indicating uncertainty among investors.
  • Despite a strong market presence, the company faces competition in the pipeline sector, which could impact its market share and pricing power.
  • Analysts have noted a downward adjustment in target prices, which may reflect cautious sentiment regarding future growth prospects.

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 $204.69, with a high forecast of $244.00 and a low forecast of $145.00.

15 Wall Street research 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 research analysts is that investors should "buy" TRGP shares.

According to analysts, Targa Resources's stock has a predicted upside of 17.32% 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, Royal Bank Of Canada, Scotiabank, The Goldman Sachs Group, UBS Group, and US Capital Advisors 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.


This page (NYSE:TRGP) was last updated on 6/30/2025 by MarketBeat.com Staff
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