Targa Resources Price Target, Predictions & Analyst Ratings

+1.24 (+2.69 %)
(As of 09/23/2021 10:52 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume7,133 shs
Average Volume1.99 million shs
Market Capitalization$10.81 billion
P/E Ratio59.08
Dividend Yield0.89%

Targa Resources (NYSE:TRGP) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Based on 17 Analyst Ratings

Analyst Price Target Consensus


High PT$57.00
Average PT$44.80
Low PT$19.00
9/23/20 to 9/23/21
1 Month Ago
8/24/20 to 8/24/21
3 Months Ago
6/25/20 to 6/25/21
1 Year Ago
9/24/19 to 9/23/20
Consensus Rating
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
9 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
8 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$44.80$44.80$42.80$24.56
Price Target Upside-5.22% Downside22.04% Upside22.74% Upside21.08% Upside
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Analyst Ratings 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.

Average Share Price and Price Target 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 (NYSE:TRGP) vs. Its Competitors

TypeTarga ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
Consensus RatingBuyHoldBuy
Price Target Upside31.46% Upside7.64% Upside
News Sentiment RatingNeutral News
Positive News
Neutral News
Community Rating
Outperform Votes
Underperform Votes
Avg. Outperform Votes
Avg. Underperform Votes
Avg. Outperform Votes
Avg. Underperform Votes

Targa Resources (NYSE:TRGP) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/10/2021Credit Suisse Group
Boost Price TargetOutperform$46.00 ➝ $52.00+21.95%
8/9/2021Truist Securities
Boost Price TargetBuy$38.00 ➝ $54.00+26.64%
Boost Price TargetNeutral$42.00 ➝ $47.00+9.61%
Reiterated RatingBuy$45.00 ➝ $42.52
6/24/2021Wells Fargo & Company
Boost Price TargetOverweight$42.00 ➝ $49.00+8.29%
6/18/2021Morgan Stanley
Boost Price TargetOverweight$52.00 ➝ $57.00+26.67%
6/14/2021Raymond James
Boost Price TargetStrong-Buy$45.00 ➝ $55.00+17.20%
Boost Price TargetOverweight$43.00 ➝ $54.00+33.04%
5/14/2021Royal Bank of Canada
Boost Price TargetPositive ➝ Outperform$39.00 ➝ $50.00+33.40%
4/14/2021Wolfe Research
UpgradePeer Perform ➝ Outperform$37.00+16.94%
3/18/2021The Goldman Sachs Group
Initiated CoverageBuy$49.00+46.97%
2/8/2021Seaport Global Securities
S. Sibal
UpgradeNeutral ➝ Buy$35.00+15.78%
1/22/2021Stifel Nicolaus
UpgradeHold ➝ Buy$34.00+18.18%
1/13/2021Smith Barney Citigroup
Boost Price Target$22.00 ➝ $36.00+17.19%
12/21/2020JPMorgan Chase & Co.
Boost Price TargetOverweight$33.00 ➝ $37.00+38.11%
10/9/2020Piper Sandler
Boost Price TargetNeutral$18.00 ➝ $19.00+11.90%
8/21/2020Capital One Financial
K. May
UpgradeEqual Weight ➝ Overweight
8/19/2020Bank of America
Initiated CoverageBuy
8/14/2020US Capital Advisors
J. Carreker
UpgradeHold ➝ Buy
5/28/2020UBS Group
Boost Price TargetBuy$19.00 ➝ $24.00+29.73%
5/13/2020SunTrust Banks
Boost Price TargetOutperform ➝ Buy$15.00 ➝ $20.00+38.12%
3/9/2020Robert W. Baird
Ethan Bellamy
DowngradeOutperform ➝ Neutral$42.00 ➝ $28.00+0.50%
11/4/2019Piper Jaffray Companies
Initiated CoverageNeutral$43.00+7.21%
8/11/2019Evercore ISI
Reiterated RatingNeutral ➝ Hold
4/8/2019Mitsubishi UFJ Financial Group
B. Blaschke
Initiated CoverageNeutral$50.00+23.98%
2/21/2019BMO Capital Markets
Lower Price Target$50.00+17.84%
12/20/2018Jefferies Financial Group
UpgradeHold ➝ Buy
(Data available from 9/23/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
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Targa Resources (NYSE:TRGP) Analyst Ratings Frequently Asked Questions

What is Targa Resources's consensus rating and price target?

According to the issued ratings of 17 analysts in the last year, the consensus rating for Targa Resources stock is Buy based on the current 2 hold ratings, 14 buy ratings and 1 strong buy rating for TRGP. The average twelve-month price target for Targa Resources is $44.80 with a high price target of $57.00 and a low price target of $19.00. Learn more on TRGP's analyst rating history

Do Wall Street analysts like Targa Resources more than its competitors?

Analysts like Targa Resources stock more than the stock of other Oils/Energy companies. The consensus rating for Targa Resources is Buy while the average consensus rating for oils/energy companies is Hold. Learn more on how TRGP compares to other companies

Do MarketBeat users like Targa Resources more than its competitors?

MarketBeat users like Targa Resources stock more than the stock of other Oils/Energy companies. 69.46% of MarketBeat users gave Targa Resources an outperform vote while oils/energy companies recieve an average of 65.22% outperform votes by MarketBeat users.

Does Targa Resources's stock price have much upside?

According to analysts, Targa Resources's stock has a predicted upside of 22.04% based on their 12-month price targets.

What analysts cover Targa Resources?

Targa Resources has been rated by Citigroup, Credit Suisse Group, Mizuho, Truist, and Truist Securities in the past 90 days.

This page was last updated on 9/23/2021 by MarketBeat.com Staff
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