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Targa Resources (TRGP) Stock Forecast & Price Target

Targa Resources logo
$161.42 -7.07 (-4.20%)
Closing price 03:59 PM Eastern
Extended Trading
$161.33 -0.09 (-0.06%)
As of 06:20 PM Eastern
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Targa Resources - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
0
Hold
3
Buy
16

Based on 19 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 19 analysts, 3 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for TRGP.

Consensus Price Target

$207.67
28.65% Upside
According to the 19 analysts' twelve-month price targets for Targa Resources, the average price target is $207.67. 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 28.65% from the current price of $161.42.
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
10/9/24 to 10/9/25
1 Month Ago
9/9/24 to 9/9/25
3 Months Ago
7/11/24 to 7/11/25
1 Year Ago
10/10/23 to 10/9/24
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
15 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
12 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 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$207.67$208.86$209.57$141.77
Forecasted Upside28.65% Upside29.44% Upside21.92% Upside-13.28% 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
2.40
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside28.65% Upside39.08% Upside172.89% Upside
News Sentiment Rating
Positive News

See Recent TRGP News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/8/2025Weiss Ratings
0 of 5 stars
 Reiterated RatingBuy (B-)
10/7/2025JPMorgan Chase & Co.
2 of 5 stars
Jeremy Tonet
Not Rated
Boost TargetOverweight$214.00 ➝ $215.00+32.25%
9/19/2025BMO Capital Markets
4 of 5 stars
Ameet Thakkar
Not Rated
Initiated CoverageOutperform$185.00+8.68%
8/29/2025Mizuho
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Lower TargetOutperform$212.00 ➝ $207.00+24.02%
8/14/2025Scotiabank
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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%
7/7/2025TD 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 Thursday at 11:26 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 Tuesday, October 7, 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 $162, which is significantly lower than its 52-week high, indicating potential for price appreciation.
  • Targa Resources Corp. recently reported strong quarterly earnings, with earnings per share of $2.87, surpassing analysts' expectations, which reflects robust financial performance.
  • The company has increased its quarterly dividend to $1.00 per share, a substantial rise from the previous $0.12, showcasing a commitment to returning value to shareholders.
  • With a return on equity of 43.35%, Targa Resources Corp. demonstrates effective management and profitability, which can attract investors looking for strong financial metrics.
  • Analysts have a positive outlook on the stock, with a consensus rating of "Moderate Buy" and an average price target of $207.27, suggesting potential for future growth.

Targa Resources
Bear Case

red Wall Street bear icon

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

  • The company reported revenue of $4.26 billion, which fell short of the consensus estimate, indicating potential challenges in meeting market expectations.
  • Targa Resources Corp. has a high debt-to-equity ratio of 5.93, which may raise concerns about financial stability and the ability to manage debt effectively.
  • Despite a strong earnings report, the net margin of 8.99% suggests that profit margins may be under pressure, which could impact future profitability.
  • The stock has experienced volatility, with a beta of 1.12, indicating that it may be more sensitive to market fluctuations compared to the overall market.
  • Some analysts have issued a "hold" rating, suggesting that there may be uncertainty about the stock's short-term performance, which could deter risk-averse investors.

TRGP Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Targa Resources is $207.67, with a high forecast of $244.00 and a low forecast of $182.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRGP shares.

According to analysts, Targa Resources's stock has a predicted upside of 28.65% 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 BMO Capital Markets, Cfra Research, JPMorgan Chase & Co., Mizuho, Royal Bank Of Canada, Scotiabank, Weiss Ratings, 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 Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how TRGP compares to other companies.


This page (NYSE:TRGP) was last updated on 10/9/2025 by MarketBeat.com Staff
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