Targa Resources (TRGP) Stock Forecast & Price Target

$281.04 -4.54 (-1.59%)

Closing price 07/24/2026 03:59 PM Eastern

Extended Trading

$283.86 +2.83 (+1.01%)

As of 07/24/2026 07:34 PM Eastern

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Targa Resources - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 19 Analyst Ratings

Sell
0

Hold
2

Buy
17

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, 2 have given a hold rating, and 17 have given a buy rating for TRGP.

Consensus Price Target

$288.00
2.48% Upside

According to the 19 analysts' twelve-month price targets for Targa Resources, the average price target is $288.00. The highest price target for TRGP is $333.00, while the lowest price target for TRGP is $241.00. The average price target represents a forecasted upside of 2.48% from the current price of $281.04.

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

Type	Current Forecast 7/26/25 to 7/26/26	1 Month Ago 6/26/25 to 6/26/26	3 Months Ago 4/27/25 to 4/27/26	1 Year Ago 7/26/24 to 7/26/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$288.00	$272.73	$259.93	$209.86
Forecasted Upside	2.48% Upside	-0.03% Downside	7.67% Upside	26.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate 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	Broader Market
Consensus Rating Score	2.89	2.39	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	2.48% Upside	56.81% Upside	14.29% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/21/2026	Morgan Stanley 3 of 5 stars	Robert Kad 4 of 5 stars	Reiterated Rating	Overweight	$333.00	+19.58%
7/21/2026	Royal Bank Of Canada 3 of 5 stars	Elvira Scotto 4 of 5 stars	Reiterated Rating	Outperform	$310.00	+9.79%
7/16/2026	TD Cowen 3 of 5 stars	Jason Gabelman Not Rated	Boost Target	Hold	$245.00 ➝ $270.00	-4.07%
7/15/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabe Daoud Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$289.00 ➝ $312.00	+10.80%
7/13/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Theresa Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$270.00 ➝ $282.00	+3.21%
7/9/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Manav Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$318.00	+14.41%
7/9/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeremy Tonet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$291.00 ➝ $315.00	+13.49%
7/2/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
6/25/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
6/18/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julien Dumoulin-Smith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$314.00	+20.44%
Get the Latest News and Ratings for TRGP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter.
5/29/2026	US Capital Advisors Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Moderate Buy
5/27/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/27/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabriel Moreen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$260.00 ➝ $300.00	+12.69%
5/12/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brandon Bingham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$249.00 ➝ $257.00	+1.51%
5/8/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$268.00	+7.13%
5/8/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Blum Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$264.00 ➝ $270.00	+6.90%
4/20/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Mackay Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$242.00 ➝ $268.00	+13.74%
2/20/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ameet Thakkar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$241.00	+5.52%
8/8/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
7/7/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$182.00	+11.91%
9/3/2024	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Staszak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:30 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 Sunday, July 19, 2026. 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 stock has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance.
Recent analyst price targets suggest significant upside potential, with estimates reaching as high as $318.00.
The current stock price is around $245.00, which may present a buying opportunity for investors looking for value.
Targa Resources Corp. has a solid dividend yield of approximately 1.8%, providing income to investors in addition to potential capital gains.
The company reported a robust return on equity of 71.00%, indicating effective management and profitability relative to shareholder equity.

Targa Resources
Bear Case

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

The company recently missed earnings expectations, reporting $2.21 per share against a consensus of $2.48, which may raise concerns about its financial health.
Revenue for the last quarter was below expectations, coming in at $4.09 billion compared to forecasts of $4.68 billion, indicating potential challenges in meeting growth targets.
Insider selling activity has been noted, with a director selling a significant number of shares, which could signal a lack of confidence in the stock's short-term performance.
The dividend payout ratio is relatively high at 50.56%, which may limit the company's ability to reinvest in growth opportunities.
Market volatility in the energy sector could impact Targa Resources Corp.'s operations and profitability, making it a riskier investment in uncertain economic conditions.

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 $288.00, with a high forecast of $333.00 and a low forecast of $241.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 2 hold ratings and 17 buy ratings 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 2.48% based on their 12-month stock forecasts.

Over the previous 90 days, Targa Resources's stock had 1 downgrade by analysts.

Targa Resources has been rated by research analysts at Barclays, Citigroup, Erste Group Bank, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, US Capital Advisors, 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.

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This page (NYSE:TRGP) was last updated on 7/26/2026 by MarketBeat.com Staff.

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Targa Resources (TRGP) Stock Forecast & Price Target