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

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Analyst price target for TRGP

Based on 11 analysts offering 12 month price targets for Targa Resources Corp.
Min Forecast
$62.00+2.75%
Avg Forecast
$81.73+35.44%
Max Forecast
$105.00+74.01%

Should I buy or sell TRGP stock?

Based on 11 analysts offering ratings for Targa Resources Corp.
Strong Buy
Strong Buy
8 analysts 72.73%
Buy
3 analysts 27.27%
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
Mizuho
Top 17%
84
Strong BuyMaintains$91.00+50.81%2022-08-09Find out why
Barclays
Top 17%
84
Strong BuyMaintains$87.00+44.18%2022-07-20
Morgan Stanley
Top 13%
88
Strong BuyMaintains$105.00+74.01%2022-07-20
RBC Capital
Top 15%
86
BuyMaintains$100.00+65.73%2022-07-12
Wells Fargo
Top 5%
96
Strong BuyMaintains$83.00+37.55%2022-05-20
Truist Securities
Top 2%
99
Strong BuyAssumes$78.00+29.27%2022-05-02
Raymond James
Top 1%
100
Strong BuyMaintains$92.00+52.47%2022-04-20
Bank of America
Bottom 1%
1
Strong BuyMaintains$72.00+19.32%2022-01-18
Evercore ISI Group
Top 10%
91
BuyUpgrades$62.00+2.75%2021-11-15
Credit Suisse
Top 14%
87
BuyMaintains$64.00+6.07%2021-11-10

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Forecast return on equity

Is TRGP forecast to generate an efficient return?
Company
N/A
Industry
-0.92%
Market
121.74%

Forecast return on assets

Is TRGP forecast to generate an efficient return on assets?
Company
N/A
Industry
4.8%

TRGP earnings per share forecast

What is TRGP's earnings per share in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$4.62+396.77%
Avg 2 year Forecast
$6.02+547.31%
Avg 3 year Forecast
$7.27+681.72%
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
$25.6B+22.2%
Avg 2 year Forecast
$26.8B+28.08%
Avg 3 year Forecast
$28.0B+33.81%
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
98.73%
Industry
11.74%
Market
16.88%
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
10.2%
Industry
-1.26%
Market
8.59%
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$60.34$81.73+35.44%Strong Buy
PBA$30.37N/AN/ABuy
DTM$51.89$58.43+12.60%Buy
MMP$47.51$53.83+13.31%Buy
WES$25.16$31.67+25.86%Strong Buy

Targa Resources Stock Forecast FAQ

Is Targa Resources Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: TRGP) stock is to Strong Buy TRGP stock.

Out of 11 analysts, 8 (72.73%) are recommending TRGP as a Strong Buy, 3 (27.27%) 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 2022-2024?

(NYSE: TRGP) Targa Resources's forecast annual earnings growth rate of 98.73% is forecast to beat the US Oil & Gas Midstream industry's average forecast earnings growth rate of 11.74%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 16.88%.

Targa Resources's earnings in 2022 is $210,800,000.On average, 4 Wall Street analysts forecast TRGP's earnings for 2022 to be $1,046,695,248, with the lowest TRGP earnings forecast at $781,623,075, and the highest TRGP earnings forecast at $1,536,059,260. On average, 7 Wall Street analysts forecast TRGP's earnings for 2023 to be $1,363,875,626, with the lowest TRGP earnings forecast at $1,139,583,787, and the highest TRGP earnings forecast at $1,780,741,266.

In 2024, TRGP is forecast to generate $1,647,072,393 in earnings, with the lowest earnings forecast at $1,187,160,844 and the highest earnings forecast at $2,745,875,846.

What is TRGP's revenue growth forecast for 2022-2024?

(NYSE: TRGP) Targa Resources's forecast annual revenue growth rate of 10.2% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of -1.26%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.59%.

Targa Resources's revenue in 2022 is $20,916,200,000.On average, 4 Wall Street analysts forecast TRGP's revenue for 2022 to be $5,790,847,576,942, with the lowest TRGP revenue forecast at $5,080,595,298,008, and the highest TRGP revenue forecast at $6,839,432,993,499. On average, 4 Wall Street analysts forecast TRGP's revenue for 2023 to be $6,069,268,512,926, with the lowest TRGP revenue forecast at $5,176,472,129,615, and the highest TRGP revenue forecast at $7,787,027,271,407.

In 2024, TRGP is forecast to generate $6,341,118,377,703 in revenue, with the lowest revenue forecast at $5,232,570,010,648 and the highest revenue forecast at $8,465,621,550,236.

What is TRGP's forecast return on assets (ROA) for 2022-2025?

(NYSE: TRGP) forecast ROA is N/A, which is lower than the forecast US Oil & Gas Midstream industry average of 4.8%.

What is TRGP's Price Target?

According to 11 Wall Street analysts that have issued a 1 year TRGP price target, the average TRGP price target is $81.73, with the highest TRGP stock price forecast at $105.00 and the lowest TRGP stock price forecast at $62.00.

On average, Wall Street analysts predict that Targa Resources's share price could reach $81.73 by Aug 9, 2023. The average Targa Resources stock price prediction forecasts a potential upside of 35.44% from the current TRGP share price of $60.34.

What is TRGP's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: TRGP) Targa Resources's current Earnings Per Share (EPS) is $0.93. On average, analysts forecast that TRGP's EPS will be $4.62 for 2022, with the lowest EPS forecast at $3.45, and the highest EPS forecast at $6.78. 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 2022-2025?

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