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NYSE: TRGP
Targa Resources Corp Stock Forecast, Predictions & Price Target

Analyst price target for TRGP

Based on 9 analysts offering 12 month price targets for Targa Resources Corp.
Min Forecast
$83.00+10.15%
Avg Forecast
$94.78+25.78%
Max Forecast
$108.00+43.33%

Should I buy or sell TRGP stock?

Based on 9 analysts offering ratings for Targa Resources Corp.
Strong Buy
Strong Buy
8 analysts 88.89%
Buy
1 analysts 11.11%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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TRGP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
UBS
Top 1%
100
Strong BuyMaintains$106.00+40.68%2022-12-15
Citigroup
Top 12%
89
Strong BuyInitiates Coverage On$95.00+26.08%2022-12-09
Truist Securities
Top 1%
100
Strong BuyMaintains$90.00+19.44%2022-11-29Find out why
Mizuho
Top 10%
91
Strong BuyMaintains$92.00+22.10%2022-11-08
Morgan Stanley
Top 11%
90
Strong BuyMaintains$108.00+43.33%2022-10-19Find out why
Barclays
Top 8%
93
Strong BuyMaintains$87.00+15.46%2022-07-20
RBC Capital
Top 7%
94
BuyMaintains$100.00+32.71%2022-07-12
Wells Fargo
Top 4%
97
Strong BuyMaintains$83.00+10.15%2022-05-20
Raymond James
Top 1%
100
Strong BuyMaintains$92.00+22.10%2022-04-20

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Forecast return on equity

Is TRGP forecast to generate an efficient return?
Company
N/A
Industry
4.54%
Market
59.76%

Forecast return on assets

Is TRGP forecast to generate an efficient return on assets?
Company
N/A
Industry
4.79%

TRGP earnings per share forecast

What is TRGP's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$6.02+457.41%
Avg 2 year Forecast
$7.27+573.15%
TRGP's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

TRGP revenue forecast

What is TRGP's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$26.8B+22.79%
Avg 2 year Forecast
$28.0B+28.29%
Avg 3 year Forecast
$22.8B+4.59%
TRGP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

TRGP earnings growth forecast

How is TRGP forecast to perform vs Oil & Gas Midstream companies and vs the US market?
Company
159.45%
Industry
11.82%
Market
28.02%
TRGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
TRGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
TRGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

TRGP revenue growth forecast

How is TRGP forecast to perform vs Oil & Gas Midstream companies and vs the US market?
Company
9.89%
Industry
-4.54%
Market
10.97%
TRGP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
TRGP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

TRGP vs Oil & Gas Midstream Stocks

TickerPricePrice TargetUp/downsideConsensus
TRGP$75.35$94.78+25.78%Strong Buy
PBA$35.59N/AN/ABuy
MMP$54.29$55.91+2.98%Buy
WES$28.20$32.75+16.13%Strong Buy
DTM$53.90$61.00+13.17%Hold

Targa Resources Stock Forecast FAQ

Is Targa Resources Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: TRGP) stock is to Strong Buy TRGP stock.

Out of 9 analysts, 8 (88.89%) are recommending TRGP as a Strong Buy, 1 (11.11%) are recommending TRGP as a Buy, 0 (0%) are recommending TRGP as a Hold, 0 (0%) are recommending TRGP as a Sell, and 0 (0%) are recommending TRGP as a Strong Sell.

If you're new to stock investing, here's how to buy Targa Resources stock.

What is TRGP's earnings growth forecast for 2023-2024?

(NYSE: TRGP) Targa Resources's forecast annual earnings growth rate of 159.45% is forecast to beat the US Oil & Gas Midstream industry's average forecast earnings growth rate of 11.82%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 28.02%.

Targa Resources's earnings in 2023 is $243,500,000.On average, 7 Wall Street analysts forecast TRGP's earnings for 2023 to be $1,362,779,830, with the lowest TRGP earnings forecast at $1,138,668,197, and the highest TRGP earnings forecast at $1,779,310,542.

In 2024, TRGP is forecast to generate $1,645,749,063 in earnings, with the lowest earnings forecast at $1,186,207,028 and the highest earnings forecast at $2,743,669,690.

What is TRGP's revenue growth forecast for 2023-2025?

(NYSE: TRGP) Targa Resources's forecast annual revenue growth rate of 9.89% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of -4.54%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.97%.

Targa Resources's revenue in 2023 is $21,816,600,000.On average, 4 Wall Street analysts forecast TRGP's revenue for 2023 to be $6,064,392,200,756, with the lowest TRGP revenue forecast at $5,172,313,128,577, and the highest TRGP revenue forecast at $7,780,770,837,740. On average, 3 Wall Street analysts forecast TRGP's revenue for 2024 to be $6,336,023,649,623, with the lowest TRGP revenue forecast at $5,228,365,938,152, and the highest TRGP revenue forecast at $8,458,819,904,649.

In 2025, TRGP is forecast to generate $5,165,365,667,950 in revenue, with the lowest revenue forecast at $5,165,365,667,950 and the highest revenue forecast at $5,165,365,667,950.

What is TRGP's forecast return on assets (ROA) for 2023-2025?

(NYSE: TRGP) forecast ROA is N/A, which is lower than the forecast US Oil & Gas Midstream industry average of 4.79%.

What is TRGP's Price Target?

According to 9 Wall Street analysts that have issued a 1 year TRGP price target, the average TRGP price target is $94.78, with the highest TRGP stock price forecast at $108.00 and the lowest TRGP stock price forecast at $83.00.

On average, Wall Street analysts predict that Targa Resources's share price could reach $94.78 by Dec 15, 2023. The average Targa Resources stock price prediction forecasts a potential upside of 25.78% from the current TRGP share price of $75.35.

What is TRGP's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: TRGP) Targa Resources's current Earnings Per Share (EPS) is $1.08. On average, analysts forecast that TRGP's EPS will be $6.02 for 2023, with the lowest EPS forecast at $5.03, and the highest EPS forecast at $7.86. In 2024, TRGP's EPS is forecast to hit $7.27 (min: $5.24, max: $12.12).

What is TRGP's forecast return on equity (ROE) for 2023-2025?

(NYSE: TRGP) forecast ROE is N/A, which is considered weak.
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