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

1,247 Followers
See the Price Targets and Ratings of:

TRGP Analyst Ratings

Strong Buy
15Ratings
Strong Buy
14 Buy
1 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

$264.73
▲(12.41% 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 $264.73 with a high forecast of $327.00 and a low forecast of $220.00. The average price target represents a 12.41% change from the last price of $235.50.
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Highest Price Target$327.00Average Price Target$264.73Lowest Price Target$220.00
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
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$327
Buy
38.85%
Upside
Reiterated
04/22/26
Targa Resources named a Top Pick at Morgan StanleyTarga Resources named a Top Pick at Morgan Stanley
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$242$268
Buy
13.80%
Upside
Reiterated
04/20/26
Targa Resources price target raised to $268 from $242 at Goldman SachsTarga Resources price target raised to $268 from $242 at Goldman Sachs
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$271
Buy
15.07%
Upside
Reiterated
04/20/26
Targa Resources (TRGP) Receives a Buy from BMO Capital
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$246$249
Buy
5.73%
Upside
Reiterated
04/13/26
Targa Resources price target raised to $249 from $246 at ScotiabankTarga Resources price target raised to $249 from $246 at Scotiabank
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
$279$285
Buy
21.02%
Upside
Reiterated
04/13/26
Targa Resources price target raised to $285 from $279 at TruistTarga Resources price target raised to $285 from $279 at Truist
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$260$270
Buy
14.65%
Upside
Reiterated
04/10/26
Targa Resources (TRGP) Receives a Rating Update from a Top Analyst
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$260$286
Buy
21.44%
Upside
Reiterated
04/09/26
Analysts Are Bullish on These Energy Stocks: Valero Energy (VLO), Propetro Holding (PUMP)
Barclays Analyst forecast on TRGP
Barclays
Barclays
$226$255
Buy
8.28%
Upside
Assigned
04/07/26
Analysts Have Conflicting Sentiments on These Energy Companies: Occidental Petroleum (NYSE: OXY), Targa Resources (NYSE: TRGP) and Solaris Energy Infrastructure (NYSE: SEI)
UBS
$280
Buy
18.90%
Upside
Assigned
04/07/26
Analysts' Top Energy Picks: Targa Resources (TRGP), Schlumberger (SLB)
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$248$264
Buy
12.10%
Upside
Reiterated
03/31/26
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$207$260
Buy
10.40%
Upside
Reiterated
03/19/26
Targa Resources price target raised to $260 from $207 at MizuhoTarga Resources price target raised to $260 from $207 at Mizuho
Citi
$200$262
Buy
11.25%
Upside
Reiterated
02/25/26
Targa Resources price target raised to $262 from $200 at CitiTarga Resources price target raised to $262 from $200 at Citi
Stifel Nicolaus Analyst forecast on TRGP
Stifel Nicolaus
Stifel Nicolaus
$213$243
Buy
3.18%
Upside
Reiterated
02/20/26
Targa Resources price target raised to $243 from $213 at StifelTarga Resources price target raised to $243 from $213 at Stifel
TD Cowen
$192$220
Hold
-6.58%
Downside
Reiterated
02/20/26
Balanced Risk-Reward Amid Growth Upside and Valuation Concerns Justifies Hold Rating on Targa
Seaport Global Analyst forecast on TRGP
Seaport Global
Seaport Global
$193$231
Buy
-1.91%
Downside
Reiterated
02/18/26
Targa Resources price target raised to $231 from $193 at Seaport ResearchTarga Resources price target raised to $231 from $193 at Seaport Research
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
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$327
Buy
38.85%
Upside
Reiterated
04/22/26
Targa Resources named a Top Pick at Morgan StanleyTarga Resources named a Top Pick at Morgan Stanley
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$242$268
Buy
13.80%
Upside
Reiterated
04/20/26
Targa Resources price target raised to $268 from $242 at Goldman SachsTarga Resources price target raised to $268 from $242 at Goldman Sachs
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$271
Buy
15.07%
Upside
Reiterated
04/20/26
Targa Resources (TRGP) Receives a Buy from BMO Capital
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$246$249
Buy
5.73%
Upside
Reiterated
04/13/26
Targa Resources price target raised to $249 from $246 at ScotiabankTarga Resources price target raised to $249 from $246 at Scotiabank
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
$279$285
Buy
21.02%
Upside
Reiterated
04/13/26
Targa Resources price target raised to $285 from $279 at TruistTarga Resources price target raised to $285 from $279 at Truist
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$260$270
Buy
14.65%
Upside
Reiterated
04/10/26
Targa Resources (TRGP) Receives a Rating Update from a Top Analyst
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$260$286
Buy
21.44%
Upside
Reiterated
04/09/26
Analysts Are Bullish on These Energy Stocks: Valero Energy (VLO), Propetro Holding (PUMP)
Barclays Analyst forecast on TRGP
Barclays
Barclays
$226$255
Buy
8.28%
Upside
Assigned
04/07/26
Analysts Have Conflicting Sentiments on These Energy Companies: Occidental Petroleum (NYSE: OXY), Targa Resources (NYSE: TRGP) and Solaris Energy Infrastructure (NYSE: SEI)
UBS
$280
Buy
18.90%
Upside
Assigned
04/07/26
Analysts' Top Energy Picks: Targa Resources (TRGP), Schlumberger (SLB)
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$248$264
Buy
12.10%
Upside
Reiterated
03/31/26
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$207$260
Buy
10.40%
Upside
Reiterated
03/19/26
Targa Resources price target raised to $260 from $207 at MizuhoTarga Resources price target raised to $260 from $207 at Mizuho
Citi
$200$262
Buy
11.25%
Upside
Reiterated
02/25/26
Targa Resources price target raised to $262 from $200 at CitiTarga Resources price target raised to $262 from $200 at Citi
Stifel Nicolaus Analyst forecast on TRGP
Stifel Nicolaus
Stifel Nicolaus
$213$243
Buy
3.18%
Upside
Reiterated
02/20/26
Targa Resources price target raised to $243 from $213 at StifelTarga Resources price target raised to $243 from $213 at Stifel
TD Cowen
$192$220
Hold
-6.58%
Downside
Reiterated
02/20/26
Balanced Risk-Reward Amid Growth Upside and Valuation Concerns Justifies Hold Rating on Targa
Seaport Global Analyst forecast on TRGP
Seaport Global
Seaport Global
$193$231
Buy
-1.91%
Downside
Reiterated
02/18/26
Targa Resources price target raised to $231 from $193 at Seaport ResearchTarga Resources price target raised to $231 from $193 at Seaport Research
Stocks with the Highest Top Analyst Consensus in the Energy Sector
Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Targa Resources

3 Months
xxx
Success Rate
17/19 ratings generated profit
89%
Average Return
+12.68%
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 89.47% of your transactions generating a profit, with an average return of +12.68% per trade.
1 Year
John MackayGoldman Sachs
Success Rate
18/19 ratings generated profit
95%
Average Return
+48.18%
Copying John Mackay's trades and holding each position for 1 Year would result in 94.74% of your transactions generating a profit, with an average return of +48.18% per trade.
2 Years
xxx
Success Rate
15/15 ratings generated profit
100%
Average Return
+133.56%
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +133.56% 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
Dec 25
Jan 26
Feb 26
Mar 26
Apr 26
Strong Buy
1
1
0
0
0
Buy
19
17
19
22
28
Hold
1
1
1
1
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
21
19
20
23
29
In the current month, TRGP has received 28 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. TRGP average Analyst price target in the past 3 months is 264.73.
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 $2.49 with a range of $1.98 to $2.72. The previous quarter’s EPS was $2.53. TRGP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 52.17% 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 $2.49 with a range of $1.98 to $2.72. The previous quarter’s EPS was $2.53. TRGP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 52.17% 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 $4.71B with a range of $3.73B to $5.26B. The previous quarter’s sales results were $4.11B. TRGP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.02% 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 $4.71B with a range of $3.73B to $5.26B. The previous quarter’s sales results were $4.11B. TRGP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.02% 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 264.73.
    What is TRGP’s upside potential, based on the analysts’ average price target?
    Targa Resources has 12.41% 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 14 buy ratings, 1 hold ratings and 0 sell ratings.
            What is Targa Resources’s price target?
            The average price target for Targa Resources is 264.73. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $327.00 ,the lowest forecast is $220.00. The average price target represents 12.41% Increase from the current price of $235.5.
              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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