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

Analyst price target for TRGP

Based on 11 analysts offering 12 month price targets for Targa Resources Corp.
Min Forecast
$105.00-10.18%
Avg Forecast
$118.73+1.56%
Max Forecast
$130.00+11.21%

Should I buy or sell TRGP stock?

Based on 11 analysts offering ratings for Targa Resources Corp.
Strong Buy
Strong Buy
9 analysts 81.82%
Buy
2 analysts 18.18%
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%2024-04-16Find Out Why
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-09
lockedlocked$00.00+00.00%2024-04-04
lockedlocked$00.00+00.00%2024-04-03Find Out Why
Truist Securities
Top 1%
100
Strong BuyMaintains$120.00+2.65%2024-03-20Find out why
JP Morgan
Top 19%
82
Strong BuyMaintains$125.00+6.93%2024-03-06Find out why
RBC Capital
Bottom 5%
5
BuyMaintains$109.00-6.76%2024-02-26
Citigroup
Top 8%
93
Strong BuyMaintains$112.00-4.19%2024-02-21
UBS
Top 2%
99
Strong BuyMaintains$108.00-7.61%2024-01-18

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Forecast return on equity

Is TRGP forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.42%

Forecast return on assets

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

TRGP revenue forecast

What is TRGP's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$19.7B+22.39%
Avg 2 year Forecast
$21.7B+35.27%
Avg 3 year Forecast
$16.8B+4.85%
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
57.55%
Industry
13.05%
Market
21.81%
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
6.59%
Industry
6.1%
Market
10.08%
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$116.90$118.73+1.56%Strong Buy
CQP$48.16$49.33+2.44%Strong Sell
PBA$35.49$57.00+60.61%Buy
LNG$157.42$189.25+20.22%Strong Buy
TRP$35.91$43.50+21.14%Sell

Targa Resources Stock Forecast FAQ

Is Targa Resources Stock a good buy in 2024, 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, 9 (81.82%) are recommending TRGP as a Strong Buy, 2 (18.18%) 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 2024-2026?

(NYSE: TRGP) Targa Resources's forecast annual revenue growth rate of 6.59% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of 6.1%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.08%.

Targa Resources's revenue in 2024 is $16,060,300,000.On average, 3 Wall Street analysts forecast TRGP's revenue for 2024 to be $4,386,332,219,447, with the lowest TRGP revenue forecast at $3,604,159,952,277, and the highest TRGP revenue forecast at $5,565,658,326,101. On average, 3 Wall Street analysts forecast TRGP's revenue for 2025 to be $4,848,089,982,830, with the lowest TRGP revenue forecast at $3,676,417,658,816, and the highest TRGP revenue forecast at $6,447,443,576,829.

In 2026, TRGP is forecast to generate $3,757,690,842,021 in revenue, with the lowest revenue forecast at $3,757,690,842,021 and the highest revenue forecast at $3,757,690,842,021.

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

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

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 $118.73, with the highest TRGP stock price forecast at $130.00 and the lowest TRGP stock price forecast at $105.00.

On average, Wall Street analysts predict that Targa Resources's share price could reach $118.73 by Apr 16, 2025. The average Targa Resources stock price prediction forecasts a potential upside of 1.56% from the current TRGP share price of $116.90.

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

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