Targa Resources (TRGP)
NYSE:TRGP

Targa Resources (TRGP) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

TRGP Analyst Ratings

Strong Buy
8Ratings
8 Buy
0 Hold
0 Sell
Based on 8 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 Months Forecast

Average Price Target

$97.00
▲(31.58% Upside)
Based on 8 Wall Street analysts offering 12 month price targets for Targa Resources in the last 3 months. The average price target is $97.00 with a high forecast of $111.00 and a low forecast of $81.00. The average price target represents a 31.58% change from the last price of $73.72.
Highest Price Target$111.00Average Price Target$97.00Lowest Price Target$81.00
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​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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Wells Fargo
$83.00
Buy
12.59%
Upside
Reiterated
Targa Resources (TRGP) PT Lowered to $83 at Wells FargoWells Fargo analyst Michael Blum lowered the price target on Targa Resources (NYSE: TRGP) to $83.00 (from $86.00) while maintaining a Overweight rating.
Raymond James
$92.00
Buy
24.80%
Upside
Reiterated
Raymond James Believes Targa Resources (NYSE: TRGP) Won't Stop Here
Credit Suisse
$84.00
Buy
13.94%
Upside
Reiterated
Targa Resources (TRGP) PT Raised to $84 at Credit SuisseCredit Suisse analyst Spiro Dounis raised the price target on Targa Resources (NYSE: TRGP) to $84.00 (from $81.00) while maintaining a Outperform rating.
Evercore ISI
$94.00
Buy
27.51%
Upside
Reiterated
Targa Resources (TRGP) PT Lowered to $8 at Evercore ISIEvercore ISI analyst Todd Firestone lowered the price target on Targa Resources (NYSE: TRGP) to $8.00 (from $81.00) while maintaining a Outperform rating.
Wolfe Research
$71.00
Buy
-3.69%
Downside
Reiterated
Targa Resources (TRGP) PT Raised to $71 at Wolfe ResearchWolfe Research analyst Keith Stanley raised the price target on Targa Resources (NYSE: TRGP) to $71.00 (from $70.00) while maintaining a Outperform rating.
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TRGP Financial Forecast

TRGP Earnings Forecast
Next quarter’s earnings estimate for TRGP is $1.34 with a range of $0.60 to $2.06. The previous quarter’s EPS was $0.84. TRGP beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 58.85% of the time in the same period. In the last calendar year TRGP has Underperformed its overall industry.
Next quarter’s earnings estimate for TRGP is $1.34 with a range of $0.60 to $2.06. The previous quarter’s EPS was $0.84. TRGP beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 58.85% of the time in the same period. In the last calendar year TRGP has Underperformed its overall industry.
TRGP Sales Forecast
Next quarter’s sales forecast for TRGP is $6.27B with a range of $4.40B to $8.77B. The previous quarter’s sales results were $5.60B. TRGP beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 81.44% of the time in the same period. In the last calendar year TRGP has Underperformed its overall industry.
Next quarter’s sales forecast for TRGP is $6.27B with a range of $4.40B to $8.77B. The previous quarter’s sales results were $5.60B. TRGP beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 81.44% of the time in the same period. In the last calendar year TRGP has Underperformed its overall industry.
TRGP Analyst Recommendation Trends
In the current month, TRGP has received 5 Buy ratings 0 Hold ratings, and 0 Sell ratings. The TRGP average analyst price target in the past 3 months is $97.00
In the current month, TRGP has received 5 Buy ratings 0 Hold ratings, and 0 Sell ratings. The TRGP average analyst price target in the past 3 months is $97.00

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 $97.00.
    What is TRGP’s upside potential, based on the analysts’ average price target?
    Targa Resources has 31.58% 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 conensus rating of Strong Buy which is based on 8 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Targa Resources’s price target?
            The average price target for Targa Resources is $97.00. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $111.00 ,the lowest forecast is $81.00. The average price target represents 31.58% Increase from the current price of $73.72.
              What do analysts say about Targa Resources?
              Targa Resources’s analyst rating consensus is a ‘Strong Buy. This is based on the ratings of 8 Wall Streets Analysts.

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