Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Targa Resources (TRGP)
NYSE:TRGP
Targa Resources (TRGP) Stock Forecast & Price Target
855 Followers
See the Price Targets and Ratings of:
TRGP Analyst Ratings
Strong Buy
14 Buy
0 Hold
0 Sell
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
$132.69
▼(-0.68% Downside)
| Highest Price Target$147.00 | Average Price Target$132.69 | Lowest Price Target$121.00 |
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
Argus Research
Assigned
06/25/24
Truist Financial
Reiterated
06/10/24
Morgan Stanley
Reiterated
06/10/24
Bank of America Securities
Reiterated
05/22/24
Seaport Global
Reiterated
05/03/24
Scotiabank
$112→$128
Buy
-4.19%
Downside
Reiterated
05/03/24
Scotiabank Keeps Their Buy Rating on Targa Resources (TRGP)
Mizuho Securities
$130
Buy
-2.69%
Downside
Reiterated
05/02/24
We believe TRGP's 1Q24 result could have catalyzed an upward guidance revision were it not for gas egress constraints in the Permian and weak Waha basis. To that end, management expects a weaker q/q result in 2Q24 on those impacts as well as normal seasonality in 'L&T' via lower marketing contributions. TRGP's higher concentration of fee-based/fee-floor G&P arrangements were on display in 1Q24 as Permian unit margins were actually higher q/q (+6%) despite the weak Waha backdrop. Management does not expect a material financial impact from a fire at its Greenwood plant earlier this month (though it also does not help) and forecasts a full return to service in late-2Q24.
Goldman Sachs
$117→$121
Buy
-9.43%
Downside
Reiterated
05/02/24
Targa Resources: A Resilient Buy Amidst Challenges and Growth Prospects
Stifel Nicolaus
$111→$130
Buy
-2.69%
Downside
Reiterated
04/16/24
Targa Resources price target raised to $130 from $111 at StifelTarga Resources price target raised to $130 from $111 at Stifel
Citi
$112
Buy
-16.17%
Downside
Reiterated
04/02/24
Targa Resources: A Buy Rating with Resilient Earnings and Strategic Growth Prospects
Best Analysts Covering Targa Resources
Which Analyst Should I Follow If I Want to Buy TRGP and Sell After:
1 Month
3 Months
1 Year
Success Rate
15/15 ratings generated profit
Average Return
+43.87%
reiterated a buy rating 25 days ago
Copying Robert Kad's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +43.87% per trade.
2 Years
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
Mar 24
Apr 24
May 24
Jun 24
Jul 24
Strong Buy
0
0
0
0
0
Buy
24
22
18
22
18
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
24
22
18
22
18
Each month's total comprises the sum of three months' worth of ratings.
xxxxxxxxxxxxxxx
xxxxxxxxxxxxxxx
xxxxxxxxxxxxxxx
xxxxxxxxxxxxxxx
xxxxxxxxxxxxxxx
TRGP Financial Forecast
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 $132.69.
What is TRGP’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for TRGP, 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, 0 hold ratings and 0 sell ratings.
What is Targa Resources’s price target?
The average price target for Targa Resources is $132.69. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $147.00 ,the lowest forecast is $121.00. The average price target represents -0.68% Decrease from the current price of $133.6.
The highest analyst price target is $147.00 ,the lowest forecast is $121.00. The average price target represents -0.68% Decrease from the current price of $133.6.
What do analysts say about Targa Resources?
Targa Resources’s analyst rating consensus is a Strong Buy. This is based on the ratings of 14 Wall Streets Analysts.
How can I buy shares of TRGP?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.