Targa Resources (TRGP) Stock Forecast & Price Target

$255.14 -6.99 (-2.67%)

Closing price 05/29/2026 03:59 PM Eastern

Extended Trading

$248.50 -6.64 (-2.60%)

As of 05/29/2026 07:57 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

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
5.52% 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 5.52% from the current price of $255.14.

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 5/31/25 to 5/31/26	1 Month Ago 5/1/25 to 5/1/26	3 Months Ago 3/2/25 to 3/2/26	1 Year Ago 5/31/24 to 5/31/25
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	$259.93	$238.50	$198.79
Forecasted Upside	5.52% Upside	-0.14% Downside	-0.38% Downside	26.05% 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	2.83	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.52% Upside	36.62% Upside	14.83% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/29/2026	US Capital Advisors 3 of 5 stars		Downgrade	Strong-Buy ➝ Moderate Buy
5/27/2026	Citigroup 4 of 5 stars		Reiterated Rating	Buy
5/27/2026	Mizuho 3 of 5 stars	Gabriel Moreen 4 of 5 stars	Boost Target	Outperform	$260.00 ➝ $300.00	+12.69%
5/14/2026	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	$255.00 ➝ $262.00	-0.43%
5/12/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Elvira Scotto Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$281.00	+10.80%
5/12/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Kad Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$327.00 ➝ $331.00	+30.51%
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%
5/12/2026	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	$285.00 ➝ $289.00	+13.95%
5/11/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Gabelman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$236.00 ➝ $245.00	-1.25%
5/8/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$268.00	+7.13%
Goldman Sachs just told you what to buy (most people missed it) (Ad) Goldman Sachs just revealed that 40% of AI data centers will be crippled by electricity shortages by 2027 - not chips, not funding, but power. Demand is growing 15% per year and the grid can't keep up. One small company makes the exact equipment these data centers need. They're sitting on $1.5 billion in orders, their hardware is already inside Musk's Colossus, and the stock still trades like a name nobody's heard of. Analyst Dylan Jovine is releasing the ticker for free. See the stock positioned to solve AI's biggest power crisis
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%
3/24/2026	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	Boost Target	Buy	$228.00 ➝ $280.00	+14.32%
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%
1/29/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C+) ➝ Buy (B-)
10/7/2025	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	$214.00 ➝ $215.00	+32.25%
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 Monday at 12:51 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 Saturday, May 30, 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.:

Recent quarterly earnings showed a record adjusted EBITDA of $1.4 billion, indicating strong operational performance and profitability potential.
The company raised its 2026 adjusted EBITDA guidance to a range of $5.7–$5.9 billion, suggesting positive growth expectations driven by acquisitions and operational efficiencies.
Targa Resources Corp. has a healthy balance sheet with approximately $3.1 billion in liquidity and a pro forma leverage ratio of around 3.6x, which is within its target range, indicating financial stability.
The current stock price is around $248, reflecting a solid market position and potential for appreciation based on analyst target prices averaging around $266.36.
Expansion of LPG export capacity is underway, with a target of over 19 million barrels per month, which could enhance revenue streams due to elevated global demand.

Targa Resources
Bear Case

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

The company reported earnings per share of $2.21, missing analysts' expectations of $2.48, which may raise concerns about its ability to meet future performance targets.
Near-term headwinds include weak Waha basis and Permian takeaway constraints, leading to intermittent producer shut-ins, which could affect volume and pricing stability.
Insider selling has been noted, with significant shares sold recently, which might signal a lack of confidence among insiders regarding the stock's short-term performance.
The company has a relatively high debt-to-equity ratio of 5.21, indicating a reliance on debt financing that could pose risks if market conditions change.
Recent trading activity showed a decline of about 1.7% in stock price, which could indicate market volatility and investor uncertainty.

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 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 analysts is that investors should "moderate buy" TRGP shares.

According to analysts, Targa Resources's stock has a predicted upside of 5.52% based on their 12-month stock forecasts.

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

Targa Resources has been rated by research analysts at Barclays, Citigroup, Mizuho, Morgan Stanley, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, US Capital Advisors, 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 5/31/2026 by MarketBeat.com Staff.

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Targa Resources (TRGP) Stock Forecast & Price Target