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

OverviewForecast
EarningsDividendOwnership

Analyst price target for TRGP

Based on 7 analysts offering 12 month price targets for Targa Resources Corp.
Min Forecast
$94.00+3.92%
Avg Forecast
$103.86+14.82%
Max Forecast
$114.00+26.04%

Should I buy or sell TRGP stock?

Based on 7 analysts offering ratings for Targa Resources Corp.
Strong Buy
Strong Buy
6 analysts 85.71%
Buy
1 analysts 14.29%
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
lockedlocked$00.00+00.00%2023-11-06Find Out Why
lockedlocked$00.00+00.00%2023-10-18Find Out Why
lockedlocked$00.00+00.00%2023-10-06
lockedlocked$00.00+00.00%2023-09-20Find Out Why
lockedlocked$00.00+00.00%2023-08-29
Citigroup
Top 9%
92
Strong BuyMaintains$100.00+10.56%2023-08-09
RBC Capital
Top 3%
98
BuyMaintains$108.00+19.40%2023-08-04

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Forecast return on equity

Is TRGP forecast to generate an efficient return?
Company
N/A
Industry
8.56%
Market
39.48%

Forecast return on assets

Is TRGP forecast to generate an efficient return on assets?
Company
N/A
Industry
2.56%

TRGP revenue forecast

What is TRGP's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$16.5B+0.72%
Avg 2 year Forecast
$18.5B+12.83%
Avg 3 year Forecast
$21.0B+28.28%
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
37.42%
Industry
7.76%
Market
21.02%
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
6.7%
Industry
3.42%
Market
6.49%
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$90.45$103.86+14.82%Strong Buy
PBA$33.43$51.00+52.56%Strong Buy
WES$29.82$30.00+0.60%Buy
PAA$15.88$17.13+7.84%Buy
CQP$61.74$50.25-18.61%Sell
View Top Oil & Gas Midstream Stocks

Targa Resources Stock Forecast FAQ

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

The consensus among 7 Wall Street analysts covering (NYSE: TRGP) stock is to Strong Buy TRGP stock.

Out of 7 analysts, 6 (85.71%) are recommending TRGP as a Strong Buy, 1 (14.29%) 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 revenue growth forecast for 2023-2025?

(NYSE: TRGP) Targa Resources's forecast annual revenue growth rate of 6.7% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of 3.42%, and it is also forecast to beat the US market's average forecast revenue growth rate of 6.49%.

Targa Resources's revenue in 2023 is $16,375,600,000.On average, 3 Wall Street analysts forecast TRGP's revenue for 2023 to be $3,677,590,530,895, with the lowest TRGP revenue forecast at $3,265,054,008,360, and the highest TRGP revenue forecast at $4,231,335,717,106. On average, 3 Wall Street analysts forecast TRGP's revenue for 2024 to be $4,119,910,127,298, with the lowest TRGP revenue forecast at $3,080,073,450,600, and the highest TRGP revenue forecast at $5,503,567,821,001.

In 2025, TRGP is forecast to generate $4,683,909,069,450 in revenue, with the lowest revenue forecast at $3,166,208,924,880 and the highest revenue forecast at $6,201,609,214,020.

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 2.56%.

What is TRGP's Price Target?

According to 7 Wall Street analysts that have issued a 1 year TRGP price target, the average TRGP price target is $103.86, with the highest TRGP stock price forecast at $114.00 and the lowest TRGP stock price forecast at $94.00.

On average, Wall Street analysts predict that Targa Resources's share price could reach $103.86 by Nov 6, 2024. The average Targa Resources stock price prediction forecasts a potential upside of 14.82% from the current TRGP share price of $90.45.

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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