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Targa Resources (TRGP)
NYSE:TRGP
US Market
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Targa Resources (TRGP) Stock Forecast & Price Target

1,301 Followers
See the Price Targets and Ratings of:

TRGP Analyst Ratings

Strong Buy
15Ratings
Strong Buy
15 Buy
0 Hold
0 Sell
Based on 15 analysts giving stock ratings to
Targa
Resources
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

TRGP Stock 12 Month Forecast

Average Price Target

$329.07
▲(14.69% Upside)
Based on 15 Wall Street analysts offering 12 month price targets for Targa Resources in the last 3 months. The average price target is $329.07 with a high forecast of $359.00 and a low forecast of $284.00. The average price target represents a 14.69% change from the last price of $286.91.
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     <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 21,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":174.109,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 20,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":181.816,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":196.756,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":237.302,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 20,\t&nbsp; </span>\n              <span  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Highest Price Target$359.00Average Price Target$329.07Lowest Price Target$284.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
$312→$345
Buy
20.25%
Upside
Reiterated
09/21/26
Wall Street Analysts Are Bullish on Top Energy Picks
TD Cowen
$275→$350
Buy
21.99%
Upside
Upgraded
09/18/26
Targa Resources upgraded to Buy from Hold at TD CowenTarga Resources upgraded to Buy from Hold at TD Cowen
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$343→$359
Buy
25.13%
Upside
Reiterated
09/17/26
Targa Resources price target raised to $359 from $343 at Morgan StanleyTarga Resources price target raised to $359 from $343 at Morgan Stanley
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$300→$320
Buy
11.53%
Upside
Reiterated
09/11/26
Targa Resources price target raised to $320 from $300 at MizuhoTarga Resources price target raised to $320 from $300 at Mizuho
Barclays Analyst forecast on TRGP
Barclays
Barclays
$284
Buy
-1.01%
Downside
Reiterated
09/10/26
Barclays Reaffirms Their Buy Rating on Targa Resources (TRGP)
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$257→$314
Buy
9.44%
Upside
Reiterated
09/10/26
Targa Resources price target raised to $314 from $257 at ScotiabankTarga Resources price target raised to $314 from $257 at Scotiabank
Stifel Nicolaus Analyst forecast on TRGP
Stifel Nicolaus
Stifel Nicolaus
$340
Buy
18.50%
Upside
Initiated
09/10/26
Analyst Tim O’Toole Reaffirms Buy on Targa, Citing Leading Permian Infrastructure Position, Strong Cash Flow and Upside to Target Price
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$282→$324
Buy
12.93%
Upside
Reiterated
09/02/26
Wells Fargo Sticks to Its Buy Rating for Targa Resources (TRGP)
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$312→$338
Buy
17.81%
Upside
Reiterated
08/26/26
Analysts Have Conflicting Sentiments on These Energy Companies: Boss Energy (Other OTC: BQSSF), Paladin Energy Ltd (Other OTC: PALAF) and Targa Resources (NYSE: TRGP)
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$315→$351
Buy
22.34%
Upside
Reiterated
08/24/26
J.P. Morgan Reaffirms Their Buy Rating on Targa Resources (TRGP)
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$299→$310
Buy
8.05%
Upside
Reiterated
08/18/26
Goldman Sachs Reaffirms Their Buy Rating on Targa Resources (TRGP)
Jefferies
$324→$345
Buy
20.25%
Upside
Reiterated
08/18/26
Targa Resources (TRGP) Gets a Buy from Jefferies
UBS
$318
Buy
10.84%
Upside
Reiterated
08/17/26
UBS Reaffirms Their Buy Rating on Targa Resources (TRGP)
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$303
Buy
5.61%
Upside
Reiterated
08/10/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP) and Kelt Exploration (Other OTC: KELTF)
Raymond James Analyst forecast on TRGP
Raymond James
Raymond James
$330→$335
Buy
16.76%
Upside
Reiterated
08/07/26
Targa Resources price target raised to $335 from $330 at Raymond JamesTarga Resources price target raised to $335 from $330 at Raymond James
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
$312→$345
Buy
20.25%
Upside
Reiterated
09/21/26
Wall Street Analysts Are Bullish on Top Energy Picks
TD Cowen
$275→$350
Buy
21.99%
Upside
Upgraded
09/18/26
Targa Resources upgraded to Buy from Hold at TD CowenTarga Resources upgraded to Buy from Hold at TD Cowen
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$343→$359
Buy
25.13%
Upside
Reiterated
09/17/26
Targa Resources price target raised to $359 from $343 at Morgan StanleyTarga Resources price target raised to $359 from $343 at Morgan Stanley
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$300→$320
Buy
11.53%
Upside
Reiterated
09/11/26
Targa Resources price target raised to $320 from $300 at MizuhoTarga Resources price target raised to $320 from $300 at Mizuho
Barclays Analyst forecast on TRGP
Barclays
Barclays
$284
Buy
-1.01%
Downside
Reiterated
09/10/26
Barclays Reaffirms Their Buy Rating on Targa Resources (TRGP)
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$257→$314
Buy
9.44%
Upside
Reiterated
09/10/26
Targa Resources price target raised to $314 from $257 at ScotiabankTarga Resources price target raised to $314 from $257 at Scotiabank
Stifel Nicolaus Analyst forecast on TRGP
Stifel Nicolaus
Stifel Nicolaus
$340
Buy
18.50%
Upside
Initiated
09/10/26
Analyst Tim O’Toole Reaffirms Buy on Targa, Citing Leading Permian Infrastructure Position, Strong Cash Flow and Upside to Target Price
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$282→$324
Buy
12.93%
Upside
Reiterated
09/02/26
Wells Fargo Sticks to Its Buy Rating for Targa Resources (TRGP)
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$312→$338
Buy
17.81%
Upside
Reiterated
08/26/26
Analysts Have Conflicting Sentiments on These Energy Companies: Boss Energy (Other OTC: BQSSF), Paladin Energy Ltd (Other OTC: PALAF) and Targa Resources (NYSE: TRGP)
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$315→$351
Buy
22.34%
Upside
Reiterated
08/24/26
J.P. Morgan Reaffirms Their Buy Rating on Targa Resources (TRGP)
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$299→$310
Buy
8.05%
Upside
Reiterated
08/18/26
Goldman Sachs Reaffirms Their Buy Rating on Targa Resources (TRGP)
Jefferies
$324→$345
Buy
20.25%
Upside
Reiterated
08/18/26
Targa Resources (TRGP) Gets a Buy from Jefferies
UBS
$318
Buy
10.84%
Upside
Reiterated
08/17/26
UBS Reaffirms Their Buy Rating on Targa Resources (TRGP)
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$303
Buy
5.61%
Upside
Reiterated
08/10/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP) and Kelt Exploration (Other OTC: KELTF)
Raymond James Analyst forecast on TRGP
Raymond James
Raymond James
$330→$335
Buy
16.76%
Upside
Reiterated
08/07/26
Targa Resources price target raised to $335 from $330 at Raymond JamesTarga Resources price target raised to $335 from $330 at Raymond James
Stocks with the Highest Top Analyst Consensus in the Energy Sector
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Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Targa Resources

3 Months
James WestonRaymond James
Success Rate
13/16 ratings generated profit
81%
Average Return
+13.36%
Copying James Weston's trades and holding each position for 3 Months would result in 81.25% of your transactions generating a profit, with an average return of +13.36% per trade.
1 Year
Jeremy TonetJ.P. Morgan
Success Rate
23/25 ratings generated profit
92%
Average Return
+49.34%
Copying Jeremy Tonet's trades and holding each position for 1 Year would result in 92.00% of your transactions generating a profit, with an average return of +49.34% per trade.
2 Years
James WestonRaymond James
Success Rate
16/16 ratings generated profit
100%
Average Return
+129.17%
Copying James Weston's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +129.17% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

TRGP Analyst Recommendation Trends

Rating
May 26
Jun 26
Jul 26
Aug 26
Sep 26
Strong Buy
0
0
0
0
0
Buy
29
29
25
27
29
Hold
2
2
3
2
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
31
31
28
29
31
In the current month, TRGP has received 29 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. TRGP average Analyst price target in the past 3 months is 329.07.
Each month's total comprises the sum of three months' worth of ratings.

TRGP Financial Forecast

TRGP Earnings Forecast

Next quarter’s earnings estimate for TRGP is $2.70 with a range of $2.28 to $2.96. The previous quarter’s EPS was $3.55. TRGP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.80% of the time in the same period. In the last calendar year TRGP has Performed in-line its overall industry.
Next quarter’s earnings estimate for TRGP is $2.70 with a range of $2.28 to $2.96. The previous quarter’s EPS was $3.55. TRGP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.80% of the time in the same period. In the last calendar year TRGP has Performed in-line its overall industry.

TRGP Sales Forecast

Next quarter’s sales forecast for TRGP is $4.69B with a range of $3.99B to $5.58B. The previous quarter’s sales results were $4.50B. TRGP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 63.41% of the time in the same period. In the last calendar year TRGP has Performed in-line its overall industry.
Next quarter’s sales forecast for TRGP is $4.69B with a range of $3.99B to $5.58B. The previous quarter’s sales results were $4.50B. TRGP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 63.41% of the time in the same period. In the last calendar year TRGP has Performed in-line its overall industry.

TRGP Stock Forecast FAQ

What is TRGP’s average 12-month price target, according to analysts?
Based on analyst ratings, Targa Resources’s 12-month average price target is 329.07.
    What is TRGP’s upside potential, based on the analysts’ average price target?
    Targa Resources has 14.69% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TRGP a Buy, Sell or Hold?
          Targa Resources has a consensus rating of Strong Buy which is based on 15 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Targa Resources’s price target?
            The average price target for Targa Resources is 329.07. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $359.00 ,the lowest forecast is $284.00. The average price target represents 14.69% Increase from the current price of $286.91.
              What do analysts say about Targa Resources?
              Targa Resources’s analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.
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