Targa Resources (TRGP) Stock Forecast & Price Target

$162.82 -4.29 (-2.56%)

Closing price 06/9/2025 03:59 PM Eastern

Extended Trading

$162.48 -0.34 (-0.21%)

As of 04:01 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
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

$199.07
22.27% Upside

According to the 15 analysts' twelve-month price targets for Targa Resources, the average price target is $199.07. The highest price target for TRGP is $244.00, while the lowest price target for TRGP is $140.00. The average price target represents a forecasted upside of 22.27% from the current price of $162.82.

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TRGP Analyst Ratings Over Time

Type	Current Forecast 6/10/24 to 6/10/25	1 Month Ago 5/11/24 to 5/11/25	3 Months Ago 3/12/24 to 3/12/25	1 Year Ago 6/11/23 to 6/10/24
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)	12 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	$199.07	$202.93	$206.43	$125.33
Forecasted Upside	22.27% Upside	27.22% Upside	10.30% Upside	4.53% 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.

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	2.69	2.53
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.27% Upside	66.87% Upside	13.46% 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
6/5/2025	Scotiabank 5 of 5 stars	T. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$193.00 ➝ $197.00	+21.62%
5/20/2025	Mizuho 3 of 5 stars	Gabriel Moreen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Outperform ➝ Outperform	$218.00 ➝ $212.00	+30.24%
5/20/2025	Barclays 3 of 5 stars	Theresa Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$206.00 ➝ $178.00	+8.15%
5/15/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shneur Gershuni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$259.00 ➝ $228.00	+38.02%
5/9/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Spiro Dounis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$227.00 ➝ $197.00	+23.07%
5/8/2025	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	Lower Target	Outperform ➝ Outperform	$199.00 ➝ $191.00	+19.07%
5/5/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Mackay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$218.00 ➝ $194.00	+22.91%
4/7/2025	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	Upgrade	Hold ➝ Strong-Buy
3/18/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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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%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:57 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 Monday, June 9, 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 around $165, reflecting a recent increase, which may indicate positive market sentiment towards the company.
Targa Resources Corp. has a strong market capitalization of approximately $35.55 billion, suggesting a solid position in the industry.
The company reported a return on equity of 28.67%, indicating effective management and profitability relative to shareholder equity.
Recent institutional investments show confidence in Targa Resources Corp., with significant increases in holdings from various investors, highlighting its attractiveness as an investment.
The company has a price-to-earnings ratio of around 28.55, which, while higher than some competitors, may reflect growth expectations in the pipeline sector.

Targa Resources
Bear Case

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

The company recently reported earnings per share of $0.91, which missed analysts' expectations significantly, indicating potential challenges in meeting growth targets.
Targa Resources Corp. has a high debt-to-equity ratio of 3.05, suggesting that the company relies heavily on debt financing, which can be risky in volatile markets.
There has been a notable decrease in shares held by some institutional investors, such as Summit Global Investments, which may signal concerns about the company's future performance.
The company’s revenue for the last quarter was $4.56 billion, falling short of the consensus estimate, which could raise red flags for potential investors.
With a current ratio of 0.77, Targa Resources Corp. may face liquidity issues, as this indicates that current liabilities exceed current assets, potentially affecting short-term financial stability.

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 $199.07, with a high forecast of $244.00 and a low forecast of $140.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. 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 22.27% 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, The Goldman Sachs Group, Truist Financial, 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.

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This page (NYSE:TRGP) was last updated on 6/10/2025 by MarketBeat.com Staff

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Targa Resources (TRGP) Stock Forecast & Price Target