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

Analyst price target for TRGP

Based on 13 analysts offering 12 month price targets for Targa Resources Corp.
Min Forecast
$105.00-11.76%
Avg Forecast
$126.77+6.53%
Max Forecast
$147.00+23.53%

Should I buy or sell TRGP stock?

Based on 13 analysts offering ratings for Targa Resources Corp.
Strong Buy
Strong Buy
11 analysts 84.62%
Buy
2 analysts 15.38%
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%2024-06-11Find Out Why
lockedlocked$00.00+00.00%2024-06-10Find Out Why
lockedlocked$00.00+00.00%2024-06-10Find Out Why
lockedlocked$00.00+00.00%2024-06-07Find Out Why
lockedlocked$00.00+00.00%2024-05-16
Wells Fargo
Top 11%
90
Strong BuyMaintains$124.00+4.20%2024-05-03
Stifel Nicolaus
Top 25%
76
Strong BuyMaintains$130.00+9.24%2024-04-16Find out why
ScotiaBank
Bottom 8%
8
BuyMaintains$128.00+7.56%2024-04-15
Barclays
Top 25%
76
Strong BuyMaintains$122.00+2.52%2024-04-09
Goldman Sachs
Top 15%
86
Strong BuyMaintains$117.00-1.68%2024-04-04

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Forecast return on equity

Is TRGP forecast to generate an efficient return?
Company
76.18%
Industry
16.48%
Market
82.5%
TRGP's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is TRGP forecast to generate an efficient return on assets?
Company
9.88%
Industry
3.38%
TRGP is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

TRGP earnings per share forecast

What is TRGP's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$5.27+7.86%
Avg 2 year Forecast
$6.90+41.13%
Avg 3 year Forecast
$8.07+64.99%
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 3 analysts?
Avg 1 year Forecast
$19.1B+18.86%
Avg 2 year Forecast
$22.0B+36.36%
Avg 3 year Forecast
$25.1B+55.75%
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
18.65%
Industry
2.97%
Market
18.82%
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
15.81%
Industry
11.17%
Market
9.94%
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$119.00$126.77+6.53%Strong Buy
CQP$47.88$47.50-0.79%Sell
PBA$37.05$57.00+53.85%Buy
LNG$155.88$196.50+26.06%Strong Buy
WES$37.57$36.00-4.18%Buy

Targa Resources Stock Forecast FAQ

Is Targa Resources Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NYSE: TRGP) stock is to Strong Buy TRGP stock.

Out of 13 analysts, 11 (84.62%) are recommending TRGP as a Strong Buy, 2 (15.38%) 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 2024-2026?

(NYSE: TRGP) Targa Resources's forecast annual earnings growth rate of 18.65% is forecast to beat the US Oil & Gas Midstream industry's average forecast earnings growth rate of 2.97%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.82%.

Targa Resources's earnings in 2024 is $1,104,700,000.On average, 7 Wall Street analysts forecast TRGP's earnings for 2024 to be $1,169,399,362, with the lowest TRGP earnings forecast at $1,004,375,768, and the highest TRGP earnings forecast at $1,361,339,341. On average, 7 Wall Street analysts forecast TRGP's earnings for 2025 to be $1,530,154,288, with the lowest TRGP earnings forecast at $1,359,122,176, and the highest TRGP earnings forecast at $1,678,393,943.

In 2026, TRGP is forecast to generate $1,788,808,762 in earnings, with the lowest earnings forecast at $1,574,187,186 and the highest earnings forecast at $1,957,756,739.

What is TRGP's revenue growth forecast for 2024-2026?

(NYSE: TRGP) Targa Resources's forecast annual revenue growth rate of 15.81% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of 11.17%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.94%.

Targa Resources's revenue in 2024 is $16,102,200,000.On average, 3 Wall Street analysts forecast TRGP's revenue for 2024 to be $4,243,613,109,863, with the lowest TRGP revenue forecast at $3,790,775,772,587, and the highest TRGP revenue forecast at $4,918,281,801,289. On average, 3 Wall Street analysts forecast TRGP's revenue for 2025 to be $4,868,343,706,002, with the lowest TRGP revenue forecast at $3,875,515,820,798, and the highest TRGP revenue forecast at $6,222,462,627,000.

In 2026, TRGP is forecast to generate $5,560,618,905,089 in revenue, with the lowest revenue forecast at $3,971,009,119,502 and the highest revenue forecast at $7,150,228,690,677.

What is TRGP's forecast return on assets (ROA) for 2024-2027?

(NYSE: TRGP) forecast ROA is 9.88%, which is higher than the forecast US Oil & Gas Midstream industry average of 3.38%.

What is TRGP's Price Target?

According to 13 Wall Street analysts that have issued a 1 year TRGP price target, the average TRGP price target is $126.77, with the highest TRGP stock price forecast at $147.00 and the lowest TRGP stock price forecast at $105.00.

On average, Wall Street analysts predict that Targa Resources's share price could reach $126.77 by Jun 11, 2025. The average Targa Resources stock price prediction forecasts a potential upside of 6.53% from the current TRGP share price of $119.00.

What is TRGP's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: TRGP) Targa Resources's current Earnings Per Share (EPS) is $4.89. On average, analysts forecast that TRGP's EPS will be $5.27 for 2024, with the lowest EPS forecast at $4.53, and the highest EPS forecast at $6.14. On average, analysts forecast that TRGP's EPS will be $6.90 for 2025, with the lowest EPS forecast at $6.13, and the highest EPS forecast at $7.57. In 2026, TRGP's EPS is forecast to hit $8.07 (min: $7.10, max: $8.83).

What is TRGP's forecast return on equity (ROE) for 2024-2027?

(NYSE: TRGP) forecast ROE is 76.18%, which is considered strong.
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