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Targa Resources (TRGP) Stock Forecast & Price Target

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$166.09 -4.03 (-2.37%)
As of 10:39 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Targa Resources - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
0
Hold
3
Buy
15

Based on 18 Wall Street analysts who have issued ratings for Targa Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 3 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for TRGP.

Consensus Price Target

$207.27
24.79% Upside
According to the 18 analysts' twelve-month price targets for Targa Resources, the average price target is $207.27. The highest price target for TRGP is $244.00, while the lowest price target for TRGP is $182.00. The average price target represents a forecasted upside of 24.79% from the current price of $166.09.
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.
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TRGP Analyst Ratings Over Time

TypeCurrent Forecast
9/19/24 to 9/19/25
1 Month Ago
8/20/24 to 8/20/25
3 Months Ago
6/21/24 to 6/21/25
1 Year Ago
9/20/23 to 9/19/24
Strong Buy
1 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
14 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
12 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
0 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$207.27$209.21$199.07$141.77
Forecasted Upside24.79% Upside28.74% Upside16.56% Upside-6.82% Downside
Consensus RatingModerate BuyModerate BuyBuyBuy

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
2.89
2.62
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside21.76% Upside41.83% Upside10.79% Upside
News Sentiment Rating
Very Positive News

See Recent TRGP News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
9/19/2025BMO Capital Markets
4 of 5 stars
Ameet Thakkar
Not Rated
Initiated CoverageOutperform$185.00+8.68%
8/29/2025Mizuho
3 of 5 stars
Gabriel Moreen
Gabriel Moreen
4 of 5 stars
Lower TargetOutperform$212.00 ➝ $207.00+24.02%
8/14/2025Scotiabank
4 of 5 stars
Brandon Bingham
Brandon Bingham
Not Rated
Reiterated RatingOutperform
8/12/2025Royal Bank Of Canada
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Boost TargetOutperform$205.00 ➝ $208.00+25.77%
8/8/2025Wells Fargo & Company
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Reiterated RatingOverweight$198.00 ➝ $205.00+23.02%
8/8/2025Cfra Research
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 UpgradeHold
7/10/2025Barclays
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Boost TargetOverweight$178.00 ➝ $195.00+14.22%
7/10/2025JPMorgan Chase & Co.
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Boost TargetOverweight$189.00 ➝ $209.00+22.42%
7/7/2025TD Securities
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 Initiated CoverageHold
7/7/2025TD Cowen
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Initiated CoverageHold$192.00+10.65%
5/15/2025UBS Group
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Lower TargetBuy$259.00 ➝ $228.00+38.02%
5/9/2025Citigroup
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Lower TargetBuy$227.00 ➝ $197.00+23.07%
5/5/2025The Goldman Sachs Group
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Lower TargetBuy$218.00 ➝ $194.00+22.91%
4/7/2025US Capital Advisors
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UpgradeHoldStrong-Buy
3/18/2025Truist Financial
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Boost TargetBuy$220.00 ➝ $235.00+19.54%
3/17/2025Morgan Stanley
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Boost TargetOverweight$202.00 ➝ $244.00+25.12%
11/20/2024Stifel Nicolaus
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 Boost TargetBuy$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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UpgradeStrong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:39 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 Wednesday, September 17, 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 $166, which may present a buying opportunity for investors looking for potential growth.
  • Analysts have a consensus rating of "Moderate Buy" for Targa Resources Corp., indicating positive sentiment among market experts.
  • The company reported strong earnings, with earnings per share (EPS) of $2.87, significantly exceeding consensus estimates, showcasing robust financial performance.
  • Institutional investors and hedge funds own over 92% of the company's stock, suggesting strong confidence from large financial entities in Targa Resources Corp.'s future prospects.
  • Recent price target increases from analysts, with Barclays raising their target to $195, reflect optimism about the company's growth potential.

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 of 5.93, indicating significant leverage, which can increase financial risk, especially in volatile markets.
  • Recent trading activity shows a slight decline in stock price, down about 0.5% recently, which may signal short-term market concerns.
  • Analysts have mixed ratings, with some downgrading their outlook, which could indicate uncertainty about future performance.
  • The company’s revenue for the last quarter fell short of expectations, which may raise concerns about its ability to meet future growth targets.
  • Market volatility and economic conditions can impact the pipeline sector, potentially affecting Targa Resources Corp.'s performance negatively.

TRGP Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Targa Resources is $207.27, with a high forecast of $244.00 and a low forecast of $182.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TRGP shares.

According to analysts, Targa Resources's stock has a predicted upside of 24.79% 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, BMO Capital Markets, Cfra Research, JPMorgan Chase & Co., Mizuho, Royal Bank Of Canada, Scotiabank, TD Cowen, TD Securities, and Wells Fargo & Company in the past 90 days.

Analysts like Targa Resources more than other "energy" companies. The consensus rating score for Targa Resources is 2.89 while the average consensus rating score for "energy" companies is 2.62. Learn more on how TRGP compares to other companies.


This page (NYSE:TRGP) was last updated on 9/19/2025 by MarketBeat.com Staff
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