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

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See the Price Targets and Ratings of:

TRGP Analyst Ratings

Strong Buy
17Ratings
Strong Buy
16 Buy
1 Hold
0 Sell
Based on 17 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

$307.87
▲(9.43% Upside)
Based on 17 Wall Street analysts offering 12 month price targets for Targa Resources in the last 3 months. The average price target is $307.87 with a high forecast of $351.00 and a low forecast of $257.00. The average price target represents a 9.43% change from the last price of $281.33.
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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  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Highest Price Target$351.00Average Price Target$307.87Lowest Price Target$257.00
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
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$315$351
Buy
24.76%
Upside
Reiterated
08/24/26
J.P. Morgan Reaffirms Their Buy Rating on Targa Resources (TRGP)
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$343
Buy
21.92%
Upside
Reiterated
08/19/26
Targa Resources price target raised to $343 from $333 at Morgan StanleyTarga Resources price target raised to $343 from $333 at Morgan Stanley
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$299$310
Buy
10.19%
Upside
Reiterated
08/18/26
Goldman Sachs Reaffirms Their Buy Rating on Targa Resources (TRGP)
Jefferies
$324$345
Buy
22.63%
Upside
Reiterated
08/18/26
Targa Resources (TRGP) Gets a Buy from Jefferies
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
Buy
Reiterated
08/18/26
Analysts' Top Energy Picks: Flotek (FTK), Targa Resources (TRGP)
UBS
$318
Buy
13.03%
Upside
Reiterated
08/17/26
UBS Reaffirms Their Buy Rating on Targa Resources (TRGP)
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$310$312
Buy
10.90%
Upside
Reiterated
08/10/26
RBC Capital Sticks to Its Buy Rating for Targa Resources (TRGP)
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$303
Buy
7.70%
Upside
Reiterated
08/10/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP) and Kelt Exploration (Other OTC: KELTF)
Barclays Analyst forecast on TRGP
Barclays
Barclays
$282$284
Buy
0.95%
Upside
Reiterated
08/07/26
Targa Resources (TRGP) Receives a Rating Update from a Top Analyst
TD Cowen
$270$275
Hold
-2.25%
Downside
Assigned
08/07/26
Analysts Offer Insights on Energy Companies: Energy Fuels (NYSE MKT: UUUU), Targa Resources (NYSE: TRGP) and Northern Oil And Gas (NYSE: NOG)
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$257
Buy
-8.65%
Downside
Reiterated
08/07/26
Scotiabank Sticks to Their Buy Rating for Targa Resources (TRGP)
Raymond James Analyst forecast on TRGP
Raymond James
Raymond James
$330$335
Buy
19.08%
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
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$270$282
Buy
0.24%
Upside
Reiterated
08/06/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP), Conocophillips (NYSE: COP) and Par Pacific Holdings (NYSE: PARR)
Erste Group Analyst forecast on TRGP
Erste Group
Erste Group
Buy
Initiated
06/25/26
Targa Resources initiated with a Buy at Erste GroupTarga Resources initiated with a Buy at Erste Group
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$300
Buy
6.64%
Upside
Reiterated
05/27/26
Targa Resources price target raised to $300 from $260 at MizuhoTarga Resources price target raised to $300 from $260 at Mizuho
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
J.P. Morgan Analyst forecast on TRGP
J.P. Morgan
J.P. Morgan
$315$351
Buy
24.76%
Upside
Reiterated
08/24/26
J.P. Morgan Reaffirms Their Buy Rating on Targa Resources (TRGP)
Morgan Stanley Analyst forecast on TRGP
Morgan Stanley
Morgan Stanley
$343
Buy
21.92%
Upside
Reiterated
08/19/26
Targa Resources price target raised to $343 from $333 at Morgan StanleyTarga Resources price target raised to $343 from $333 at Morgan Stanley
Goldman Sachs Analyst forecast on TRGP
Goldman Sachs
Goldman Sachs
$299$310
Buy
10.19%
Upside
Reiterated
08/18/26
Goldman Sachs Reaffirms Their Buy Rating on Targa Resources (TRGP)
Jefferies
$324$345
Buy
22.63%
Upside
Reiterated
08/18/26
Targa Resources (TRGP) Gets a Buy from Jefferies
Truist Financial Analyst forecast on TRGP
Truist Financial
Truist Financial
Buy
Reiterated
08/18/26
Analysts' Top Energy Picks: Flotek (FTK), Targa Resources (TRGP)
UBS
$318
Buy
13.03%
Upside
Reiterated
08/17/26
UBS Reaffirms Their Buy Rating on Targa Resources (TRGP)
RBC Capital Analyst forecast on TRGP
RBC Capital
RBC Capital
$310$312
Buy
10.90%
Upside
Reiterated
08/10/26
RBC Capital Sticks to Its Buy Rating for Targa Resources (TRGP)
BMO Capital Analyst forecast on TRGP
BMO Capital
BMO Capital
$303
Buy
7.70%
Upside
Reiterated
08/10/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP) and Kelt Exploration (Other OTC: KELTF)
Barclays Analyst forecast on TRGP
Barclays
Barclays
$282$284
Buy
0.95%
Upside
Reiterated
08/07/26
Targa Resources (TRGP) Receives a Rating Update from a Top Analyst
TD Cowen
$270$275
Hold
-2.25%
Downside
Assigned
08/07/26
Analysts Offer Insights on Energy Companies: Energy Fuels (NYSE MKT: UUUU), Targa Resources (NYSE: TRGP) and Northern Oil And Gas (NYSE: NOG)
Scotiabank Analyst forecast on TRGP
Scotiabank
Scotiabank
$257
Buy
-8.65%
Downside
Reiterated
08/07/26
Scotiabank Sticks to Their Buy Rating for Targa Resources (TRGP)
Raymond James Analyst forecast on TRGP
Raymond James
Raymond James
$330$335
Buy
19.08%
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
Wells Fargo Analyst forecast on TRGP
Wells Fargo
Wells Fargo
$270$282
Buy
0.24%
Upside
Reiterated
08/06/26
Analysts Offer Insights on Energy Companies: Targa Resources (NYSE: TRGP), Conocophillips (NYSE: COP) and Par Pacific Holdings (NYSE: PARR)
Erste Group Analyst forecast on TRGP
Erste Group
Erste Group
Buy
Initiated
06/25/26
Targa Resources initiated with a Buy at Erste GroupTarga Resources initiated with a Buy at Erste Group
Mizuho Securities Analyst forecast on TRGP
Mizuho Securities
Mizuho Securities
$300
Buy
6.64%
Upside
Reiterated
05/27/26
Targa Resources price target raised to $300 from $260 at MizuhoTarga Resources price target raised to $300 from $260 at Mizuho
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Best Analysts Covering Targa Resources

3 Months
John MackayGoldman Sachs
Success Rate
18/21 ratings generated profit
86%
Average Return
+13.69%
Copying John Mackay's trades and holding each position for 3 Months would result in 85.71% of your transactions generating a profit, with an average return of +13.69% per trade.
1 Year
Jeremy TonetJ.P. Morgan
Success Rate
23/24 ratings generated profit
96%
Average Return
+52.85%
Copying Jeremy Tonet's trades and holding each position for 1 Year would result in 95.83% of your transactions generating a profit, with an average return of +52.85% per trade.
2 Years
James WestonRaymond James
Success Rate
16/16 ratings generated profit
100%
Average Return
+130.77%
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 +130.77% 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
Apr 26
May 26
Jun 26
Jul 26
Aug 26
Strong Buy
0
0
0
0
0
Buy
27
29
29
25
26
Hold
1
2
2
3
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
28
31
31
28
28
In the current month, TRGP has received 26 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. TRGP average Analyst price target in the past 3 months is 307.87.
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 $4.75B with a range of $4.10B 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 $4.75B with a range of $4.10B 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 Corp.’s 12-month average price target is 307.87.
    What is TRGP’s upside potential, based on the analysts’ average price target?
    Targa Resources Corp. has 9.43% 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 Corp. has a consensus rating of Strong Buy which is based on 16 buy ratings, 1 hold ratings and 0 sell ratings.
            What is Targa Resources Corp.’s price target?
            The average price target for Targa Resources Corp. is 307.87. This is based on 17 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $351.00 ,the lowest forecast is $257.00. The average price target represents 9.43% Increase from the current price of $281.33.
              What do analysts say about Targa Resources Corp.?
              Targa Resources Corp.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 17 Wall Streets Analysts.
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