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Targa Resources (TRGP) Stock Forecast & Price Target

Targa Resources logo
$265.67 -6.93 (-2.54%)
As of 02:47 PM Eastern
This is a fair market value price provided by Massive. Learn more.

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

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, and 15 have given a buy rating for TRGP.

Consensus Price Target

$269.21
1.33% Upside
According to the 18 analysts' twelve-month price targets for Targa Resources, the average price target is $269.21. The highest price target for TRGP is $331.00, while the lowest price target for TRGP is $215.00. The average price target represents a forecasted upside of 1.33% from the current price of $265.67.
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
6/15/25 to 6/15/26
1 Month Ago
5/16/25 to 5/16/26
3 Months Ago
3/17/25 to 3/17/26
1 Year Ago
6/15/24 to 6/15/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
2 Strong Buy rating(s)
Buy
15 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 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$269.21$266.36$241.93$199.07
Forecasted Upside1.33% Upside-2.09% Downside0.38% Upside13.89% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyBuy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Targa Resources Stock vs. The Competition

TypeTarga ResourcesEnergy CompaniesBroader Market
Consensus Rating Score
2.83
2.39
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-1.14% Downside43.47% Upside13.95% Upside
News Sentiment Rating
Positive News

See Recent TRGP News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
5/29/2026 DowngradeStrong-BuyModerate Buy
5/27/2026
Citigroup Inc. logo
Citigroup
4 of 5 stars
 Reiterated RatingBuy
5/27/2026
Mizuho logo
Mizuho
4 of 5 stars
Gabriel Moreen
Gabriel Moreen
4 of 5 stars
Boost TargetOutperform$260.00 ➝ $300.00+12.69%
5/14/2026Boost TargetOverweight$255.00 ➝ $262.00-0.43%
5/12/2026Reiterated RatingOutperform$281.00+10.80%
5/12/2026Boost TargetOverweight$327.00 ➝ $331.00+30.51%
5/12/2026Boost TargetOutperform$249.00 ➝ $257.00+1.51%
5/12/2026Boost TargetBuy$285.00 ➝ $289.00+13.95%
5/11/2026Boost TargetHold$236.00 ➝ $245.00-1.25%
5/8/2026 Set Target$268.00+7.13%
5/8/2026Boost TargetOverweight$264.00 ➝ $270.00+6.90%
4/20/2026Boost TargetBuy$242.00 ➝ $268.00+13.74%
3/24/2026Boost TargetBuy$228.00 ➝ $280.00+14.32%
2/20/2026Reiterated RatingOutperform$241.00+5.52%
1/29/2026 UpgradeHold (C+)Buy (B-)
10/7/2025Boost TargetOverweight$214.00 ➝ $215.00+32.25%
8/8/2025 UpgradeHold
7/7/2025 Initiated CoverageHold
10/17/2024 Initiated CoverageBuy$182.00+11.91%
9/3/2024UpgradeStrong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:48 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 Thursday, June 11, 2026. 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 $255, reflecting a strong market position and investor interest.
  • Recent analyst upgrades indicate positive sentiment, with multiple firms raising their price targets, suggesting potential for price appreciation.
  • Targa Resources Corp. has a solid market capitalization of approximately $54.76 billion, indicating stability and investor confidence.
  • The company reported a net margin of 12.87%, showcasing effective cost management and profitability.
  • With a return on equity of 71.00%, Targa Resources Corp. demonstrates strong performance in generating profits from shareholders' 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 of 5.64, which may indicate financial risk and reliance on debt financing.
  • Recent earnings reports showed a miss on EPS estimates, which could raise concerns about future profitability.
  • Despite positive analyst ratings, the stock has experienced fluctuations, which may indicate volatility in the market.
  • Corporate insiders own only 1.37% of the company's stock, suggesting limited insider confidence in the company's future performance.
  • The quick ratio of 0.62 indicates potential liquidity issues, as it suggests the company may struggle to meet short-term obligations.

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 $269.21, with a high forecast of $331.00 and a low forecast of $215.00.

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

According to analysts, Targa Resources's stock has a predicted upside of 1.33% based on their 12-month stock forecasts.

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

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 6/15/2026 by MarketBeat.com Staff.
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