Targa Resources (TRGP) Stock Forecast & Price Target

$268.12 -3.23 (-1.19%)

Closing price 06/30/2026 03:59 PM Eastern

Extended Trading

$267.46 -0.67 (-0.25%)

As of 04:02 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
0

Hold
3

Buy
17

Based on 20 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 20 analysts, 3 have given a hold rating, and 17 have given a buy rating for TRGP.

Consensus Price Target

$272.73
1.72% Upside

According to the 20 analysts' twelve-month price targets for Targa Resources, the average price target is $272.73. 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 1.72% from the current price of $268.12.

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 7/1/25 to 7/1/26	1 Month Ago 6/1/25 to 6/1/26	3 Months Ago 4/2/25 to 4/2/26	1 Year Ago 7/1/24 to 7/1/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	17 Buy rating(s)	15 Buy rating(s)	13 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	$272.73	$269.21	$252.57	$204.69
Forecasted Upside	1.72% Upside	3.95% Upside	3.27% Upside	19.03% 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	2.85	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.72% Upside	60.02% Upside	14.83% Upside
News Sentiment Rating	Very 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
6/25/2026	Erste Group Bank 2 of 5 stars		Initiated Coverage	Buy
6/23/2026	Barclays 3 of 5 stars	Theresa Chen 4 of 5 stars	Boost Target	Overweight	$262.00 ➝ $270.00	+2.33%
6/18/2026	Jefferies Financial Group 3 of 5 stars	Julien Dumoulin-Smith 5 of 5 stars	Initiated Coverage	Buy	$314.00	+20.44%
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	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%
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.
5/11/2026	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%
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 Wednesday at 04:41 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 Thursday, June 25, 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 current stock price is around $255, which may present a buying opportunity for investors looking for growth in the midstream energy sector.
The company has recently increased its quarterly dividend to $1.25 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $5.00, providing a yield of approximately 1.9%.
Targa Resources Corp. has demonstrated strong financial performance with a return on equity of 71.00%, indicating effective management and profitability relative to shareholder equity.
The company operates a comprehensive midstream network, which includes gathering, processing, and transportation services for natural gas and liquids, positioning it well within the energy market.
Analysts anticipate earnings per share of around 10.75 for the current fiscal year, suggesting potential for continued profitability and growth.

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 for the last quarter, which was below the consensus estimate of $2.48, indicating potential challenges in meeting market expectations.
Targa Resources Corp. has a high debt-to-equity ratio of 5.64, suggesting that the company relies heavily on debt financing, which can increase financial risk, especially in volatile markets.
The quick ratio of 0.62 and current ratio of 0.72 indicate potential liquidity concerns, as these ratios suggest that the company may struggle to cover short-term liabilities with its current assets.
Recent insider selling, including a significant transaction by a director, may raise concerns about the confidence of insiders in the company's future performance.
The company’s revenue for the last quarter was $4.09 billion, which fell short of the consensus estimate of $4.68 billion, highlighting potential issues in revenue generation.

TRGP Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Targa Resources is $272.73, with a high forecast of $331.00 and a low forecast of $215.00.

20 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 17 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 1.72% 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, Mizuho, Morgan Stanley, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, Truist Financial, 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 7/1/2026 by MarketBeat.com Staff.

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Targa Resources (TRGP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

TRGP Analyst Ratings Over Time

TRGP Analyst Recommendations By Month

TRGP Price Targets by Month

Targa Resources Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Targa Resources Stock? TRGP Pros and Cons Explained

Targa Resources
Bull Case

Targa Resources
Bear Case

TRGP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Targa Resources Recommendations

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Targa Resources (TRGP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

TRGP Analyst Ratings Over Time

TRGP Analyst Recommendations By Month

TRGP Price Targets by Month

Targa Resources Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Targa Resources Stock? TRGP Pros and Cons Explained

Targa Resources Bull Case

Targa Resources Bear Case

TRGP Forecast - Frequently Asked Questions

What is Targa Resources' forecast for 2026?

Should I buy or sell Targa Resources stock right now?

Does Targa Resources's stock price have much upside?

Has Targa Resources been downgraded by Wall Street analysts recently?

What analysts cover Targa Resources?

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

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Targa Resources Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Targa Resources
Bull Case

Targa Resources
Bear Case