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Targa Resources - TRGP Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $176.50
  • Forecasted Upside: -12.96%
  • Number of Analysts: 14
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 13 Buy Ratings
  • 1 Strong Buy Ratings
$202.79 As of 11/20/2024 01:00 AM ET
▼ -0.78 (-0.38%)

This chart shows the closing price for TRGP by one month, three months, or twelve months.

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Analyst Price Target for TRGP

Analyst Price Target is $176.50
▼ -12.96% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Targa Resources in the last 3 months. The average price target is $176.50, with a high forecast of $246.00 and a low forecast of $112.00. The average price target represents a -12.96% upside from the last price of $202.79.

This chart shows the closing price for TRGP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 14 polled investment analysts is to buy stock in Targa Resources. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 13 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 1 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 1 strong buy ratings
  • 12 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2023
  • 1 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 12 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 13 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2024
  • 1 strong buy ratings
  • 13 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2024
  • 1 strong buy ratings
  • 13 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 13 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/20/2024Stifel NicolausBoost TargetBuy ➝ Buy$190.00 ➝ $224.00
11/15/2024Truist FinancialBoost TargetBuy ➝ Buy$175.00 ➝ $225.00
11/15/2024UBS GroupBoost TargetBuy ➝ Buy$182.00 ➝ $246.00
11/11/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$172.00 ➝ $199.00
11/6/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$153.00 ➝ $190.00
11/5/2024Truist FinancialBoost TargetBuy ➝ Buy$150.00 ➝ $175.00
10/25/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$173.00 ➝ $202.00
10/17/2024Bank of AmericaInitiated CoverageBuy$182.00
10/16/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$153.00 ➝ $172.00
10/15/2024BarclaysBoost TargetOverweight ➝ Overweight$155.00 ➝ $171.00
9/19/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$147.00 ➝ $163.00
9/3/2024ArgusUpgradeStrong-Buy
8/13/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$147.00 ➝ $153.00
8/5/2024Truist FinancialBoost TargetBuy ➝ Buy$125.00 ➝ $150.00
8/5/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$124.00 ➝ $153.00
8/2/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$132.00 ➝ $147.00
7/17/2024ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$128.00 ➝ $142.00
7/3/2024BarclaysBoost TargetOverweight ➝ Overweight$123.00 ➝ $138.00
7/2/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$140.00 ➝ $145.00
6/26/2024ArgusInitiated CoverageBuy$140.00
6/11/2024UBS GroupBoost TargetBuy ➝ Buy$116.00 ➝ $147.00
6/10/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$134.00 ➝ $140.00
6/10/2024Truist FinancialBoost TargetBuy ➝ Buy$120.00 ➝ $125.00
6/7/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$130.00 ➝ $140.00
5/16/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$123.00 ➝ $128.00
5/3/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$109.00 ➝ $124.00
4/16/2024Stifel NicolausBoost TargetBuy ➝ Buy$111.00 ➝ $130.00
4/15/2024ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$112.00 ➝ $128.00
4/9/2024BarclaysBoost TargetOverweight ➝ Overweight$116.00 ➝ $122.00
4/4/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$105.00 ➝ $117.00
4/3/2024MizuhoBoost TargetBuy ➝ Buy$105.00 ➝ $130.00
3/20/2024Truist FinancialBoost TargetBuy ➝ Buy$105.00 ➝ $120.00
3/19/2024BarclaysBoost TargetOverweight ➝ Overweight$105.00 ➝ $116.00
3/6/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$122.00 ➝ $125.00
2/26/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$106.00 ➝ $109.00
2/21/2024CitigroupBoost TargetBuy ➝ Buy$104.00 ➝ $112.00
1/18/2024UBS GroupLower TargetBuy ➝ Buy$109.00 ➝ $108.00
1/17/2024BarclaysBoost TargetOverweight ➝ Overweight$94.00 ➝ $105.00
12/14/2023UBS GroupLower TargetBuy ➝ Buy$116.00 ➝ $109.00
11/6/2023Truist FinancialBoost TargetBuy ➝ Buy$95.00 ➝ $105.00
10/18/2023BarclaysBoost TargetOverweight ➝ Overweight$89.00 ➝ $94.00
10/5/2023The Goldman Sachs GroupInitiated CoverageBuy ➝ Buy$101.00
9/20/2023MizuhoBoost TargetBuy ➝ Buy$99.00 ➝ $105.00
8/29/2023Morgan StanleyBoost TargetOverweight ➝ Overweight$106.00 ➝ $114.00
8/9/2023CitigroupBoost TargetBuy ➝ Buy$95.00 ➝ $100.00
8/4/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$104.00 ➝ $108.00
7/20/2023Morgan StanleyLower TargetOverweight$108.00 ➝ $106.00
7/18/2023BarclaysLower Target$92.00 ➝ $89.00
6/30/2023MizuhoReiterated RatingBuy ➝ Buy$99.00
5/19/2023Truist FinancialBoost Target$90.00 ➝ $95.00
5/8/2023Royal Bank of CanadaLower Target$110.00 ➝ $104.00
4/21/2023Raymond JamesBoost TargetStrong-Buy$95.00 ➝ $100.00
4/20/2023Capital One FinancialReiterated RatingOverweight
4/18/2023BarclaysBoost Target$87.00 ➝ $92.00
4/11/2023MizuhoBoost TargetBuy$95.00 ➝ $99.00
4/6/2023UBS GroupBoost TargetBuy$106.00 ➝ $108.00
3/2/2023ScotiabankInitiated CoverageOutperform$115.00
3/1/2023Wells Fargo & CompanyBoost TargetOverweight$89.00 ➝ $94.00
2/28/2023Raymond JamesBoost TargetStrong-Buy$92.00 ➝ $95.00
2/16/2023Seaport Res PtnReiterated RatingBuy
2/2/2023MizuhoBoost TargetBuy$92.00 ➝ $94.00
12/15/2022UBS GroupLower TargetBuy$107.00 ➝ $106.00
12/8/2022CitigroupInitiated CoverageBuy$95.00
11/28/2022Truist FinancialBoost TargetBuy$85.00 ➝ $90.00
11/8/2022MizuhoBoost TargetBuy$91.00 ➝ $92.00
10/19/2022Morgan StanleyBoost TargetOverweight$105.00 ➝ $108.00
9/8/2022The Goldman Sachs GroupReiterated RatingBuy ➝ Buy$93.00
8/9/2022MizuhoBoost TargetBuy$87.00 ➝ $91.00
7/25/2022US Capital AdvisorsReiterated RatingBuy
7/20/2022Morgan StanleyBoost TargetOverweight$103.00 ➝ $105.00
7/20/2022BarclaysLower TargetOverweight$92.00 ➝ $87.00
7/12/2022Royal Bank of CanadaBoost TargetOutperform$90.00 ➝ $100.00
5/20/2022Wells Fargo & CompanyLower TargetOverweight$83.00
4/26/2022Morgan StanleyBoost TargetOverweight$74.00 ➝ $103.00
4/20/2022Raymond JamesBoost TargetStrong-Buy$80.00 ➝ $92.00
3/18/2022MizuhoUpgradeNeutral ➝ Buy$58.00 ➝ $85.00
3/2/2022Truist FinancialBoost Target$69.00 ➝ $78.00
2/25/2022Raymond JamesBoost TargetStrong-Buy$70.00 ➝ $80.00
2/7/2022Evercore ISIUpgradeIn-Line ➝ Outperform$62.00
1/24/2022Raymond JamesBoost TargetStrong-Buy$67.00 ➝ $70.00
1/20/2022BarclaysBoost TargetOverweight$66.00 ➝ $72.00
1/18/2022Bank of AmericaLower TargetBuy$73.00 ➝ $72.00
1/10/2022CitigroupBoost Target$66.00 ➝ $67.00
12/16/2021Wells Fargo & CompanyBoost TargetOverweight$64.00 ➝ $69.00
11/15/2021Evercore ISIUpgradeIn-Line ➝ Outperform$62.00
11/10/2021Credit Suisse GroupBoost TargetOutperform$60.00 ➝ $64.00
11/9/2021Royal Bank of CanadaBoost TargetOutperform$63.00 ➝ $69.00
11/8/2021Truist FinancialBoost TargetBuy$54.00 ➝ $65.00
11/5/2021Raymond JamesBoost TargetStrong-Buy$65.00 ➝ $67.00
10/27/2021MizuhoBoost TargetNeutral$47.00 ➝ $58.00
10/20/2021Wells Fargo & CompanyBoost TargetOverweight$54.00 ➝ $60.00
10/18/2021Raymond JamesBoost TargetStrong-Buy$55.00 ➝ $65.00
9/28/2021Bank of AmericaInitiated CoverageBuy
8/10/2021Credit Suisse GroupBoost TargetOutperform$46.00 ➝ $52.00
8/9/2021Truist FinancialBoost TargetBuy$38.00 ➝ $54.00
8/9/2021MizuhoBoost TargetNeutral$42.00 ➝ $47.00
7/26/2021CitigroupReiterated RatingBuy$45.00 ➝ $42.52
6/24/2021Wells Fargo & CompanyBoost TargetOverweight$42.00 ➝ $49.00
6/18/2021Morgan StanleyBoost TargetOverweight$52.00 ➝ $57.00
6/14/2021Raymond JamesBoost TargetStrong-Buy$45.00 ➝ $55.00
6/4/2021Raymond JamesReiterated RatingBuy
6/3/2021BarclaysBoost TargetOverweight$43.00 ➝ $54.00
5/26/2021Morgan StanleyBoost TargetOverweight$44.00 ➝ $52.00
5/14/2021Credit Suisse GroupBoost TargetOutperform$40.00 ➝ $43.00
5/14/2021Royal Bank of CanadaBoost TargetPositive ➝ Outperform$39.00 ➝ $50.00
5/13/2021Wells Fargo & CompanyBoost TargetOverweight$41.00 ➝ $42.00
5/12/2021MizuhoBoost TargetNeutral$36.00 ➝ $42.00
5/7/2021CitigroupBoost Target$37.00 ➝ $45.00
4/15/2021Raymond JamesBoost TargetStrong-Buy$37.00 ➝ $42.00
4/14/2021Wolfe ResearchUpgradePeer Perform ➝ Outperform$37.00
3/22/2021Morgan StanleyBoost TargetOverweight$40.00 ➝ $44.00
3/18/2021The Goldman Sachs GroupInitiated CoverageBuy$49.00
3/4/2021Credit Suisse GroupBoost TargetOutperform$34.00 ➝ $40.00
3/2/2021MizuhoBoost TargetNeutral$33.00 ➝ $36.00
2/24/2021Wells Fargo & CompanyBoost TargetOverweight$29.00 ➝ $34.00
1/22/2021Stifel NicolausUpgradeHold ➝ Buy$34.00
1/20/2021MizuhoBoost TargetNeutral$24.00 ➝ $33.00
1/15/2021Morgan StanleyBoost TargetOverweight$38.00 ➝ $40.00
1/13/2021Smith Barney CitigroupBoost Target$22.00 ➝ $36.00
1/12/2021Raymond JamesBoost TargetStrong-Buy$26.00 ➝ $36.00
12/21/2020JPMorgan Chase & Co.Boost TargetOverweight$33.00 ➝ $37.00
12/11/2020Morgan StanleyBoost TargetOverweight$22.00 ➝ $36.00
12/8/2020BarclaysBoost TargetOverweight$25.00 ➝ $32.00
12/7/2020Royal Bank of CanadaBoost TargetOutperform$26.00 ➝ $34.00
12/3/2020Smith Barney CitigroupInitiated CoverageOutperform$30.00
11/30/2020Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$23.00 ➝ $29.00
11/16/2020Credit Suisse GroupUpgradeNeutral ➝ Outperform$25.00
11/6/2020Smith Barney CitigroupUpgradeNeutral ➝ Buy$19.00 ➝ $22.00
10/19/2020Morgan StanleyBoost TargetOverweight$18.00 ➝ $22.00
10/9/2020Piper SandlerBoost TargetNeutral$18.00 ➝ $19.00
10/2/2020Raymond JamesUpgradeOutperform ➝ Strong-Buy$25.00 ➝ $26.00
9/25/2020Morgan StanleyUpgradeUnderweight ➝ Overweight$18.00
8/21/2020Capital One FinancialUpgradeEqual Weight ➝ Overweight
8/21/2020Morgan StanleyBoost TargetUnderweight$14.00 ➝ $18.00
8/19/2020Bank of AmericaInitiated CoverageBuy
8/14/2020US Capital AdvisorsUpgradeHold ➝ Buy
8/14/2020Wolfe ResearchUpgradeUnderperform ➝ Peer Perform$20.00
8/12/2020MizuhoBoost TargetNeutral$21.00 ➝ $24.00
8/7/2020Raymond JamesBoost TargetOutperform$23.00 ➝ $25.00
7/22/2020Wells Fargo & CompanyBoost TargetEqual Weight$16.00 ➝ $18.00
7/21/2020Raymond JamesBoost TargetOutperform$21.00 ➝ $23.00
6/4/2020BarclaysUpgradeEqual Weight ➝ Overweight$12.00 ➝ $26.00
6/3/2020JPMorgan Chase & Co.Boost TargetOverweight$19.00 ➝ $24.00
6/1/2020Morgan StanleyBoost TargetUnderweight$8.00 ➝ $14.00
5/28/2020UBS GroupBoost TargetBuy$19.00 ➝ $24.00
5/19/2020CitigroupLower TargetNeutral$35.00 ➝ $19.00
5/19/2020MizuhoLower TargetNeutral$40.00 ➝ $21.00
5/13/2020SunTrust BanksBoost TargetOutperform ➝ Buy$15.00 ➝ $20.00
5/11/2020Royal Bank of CanadaLower TargetOutperform$23.00 ➝ $22.00
4/21/2020US Capital AdvisorsDowngradeOverweight ➝ Hold
4/14/2020Wells Fargo & CompanyLower TargetEqual Weight$16.00 ➝ $13.00
4/7/2020UBS GroupLower TargetBuy$20.00 ➝ $19.00
4/1/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$21.00 ➝ $13.00
3/30/2020UBS GroupBoost TargetBuy$19.00 ➝ $21.00
3/24/2020BarclaysDowngradeOverweight ➝ Equal Weight$12.00
3/23/2020Morgan StanleyBoost TargetUnderweight$6.00 ➝ $8.00
3/19/2020SunTrust BanksLower Target$46.00 ➝ $15.00
3/19/2020Credit Suisse GroupLower TargetOutperform$27.00 ➝ $21.00
3/16/2020Morgan StanleyDowngradeEqual Weight ➝ Underweight
3/13/2020Stifel NicolausLower TargetHold$41.00 ➝ $27.00
3/12/2020Raymond JamesDowngradeStrong-Buy ➝ Outperform
3/9/2020Robert W. BairdDowngradeOutperform ➝ Neutral$42.00 ➝ $28.00
2/28/2020MizuhoLower TargetNeutral$42.00 ➝ $40.00
2/21/2020Royal Bank of CanadaBoost TargetOutperform$48.00 ➝ $49.00
1/8/2020Wolfe ResearchDowngradePeer Perform ➝ Underperform$39.00 ➝ $36.00
1/7/2020Wells Fargo & CompanyReiterated RatingHold
1/6/2020Morgan StanleyInitiated CoverageEqual Weight$39.00
12/2/2019Robert W. BairdLower TargetOutperform$49.00 ➝ $43.00
11/21/2019Capital One FinancialDowngradeOverweight ➝ Equal Weight$42.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

1.03 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 20 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 33 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2024
  • 29 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 25 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 24 very positive mentions
  • 28 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
8/22/2024
  • 28 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 23 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 44 very positive mentions
  • 34 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 44 very positive mentions
  • 34 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Targa Resources logo
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Read More

Today's Range

Now: $202.79
Low: $201.22
High: $205.20

50 Day Range

MA: $165.80
Low: $144.72
High: $203.62

52 Week Range

Now: $202.79
Low: $81.03
High: $205.20

Volume

1,370,637 shs

Average Volume

1,651,437 shs

Market Capitalization

$44.22 billion

P/E Ratio

36.67

Dividend Yield

1.51%

Beta

2.24

Frequently Asked Questions

What sell-side analysts currently cover shares of Targa Resources?

The following sell-side analysts have issued stock ratings on Targa Resources in the last twelve months: Argus, Bank of America Co., Barclays PLC, Citigroup Inc., JPMorgan Chase & Co., Mizuho, Morgan Stanley, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, Inc., Truist Financial Co., UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for TRGP.

What is the current price target for Targa Resources?

0 Wall Street analysts have set twelve-month price targets for Targa Resources in the last year. Their average twelve-month price target is $176.50, suggesting a possible downside of 12.9%. UBS Group AG has the highest price target set, predicting TRGP will reach $246.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $112.00 for Targa Resources in the next year.
View the latest price targets for TRGP.

What is the current consensus analyst rating for Targa Resources?

Targa Resources currently has 13 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TRGP will outperform the market and that investors should add to their positions of Targa Resources.
View the latest ratings for TRGP.

What other companies compete with Targa Resources?

Other companies that are similar to Targa Resources include Williams Companies, Kinder Morgan, Cheniere Energy, Golar LNG and Scorpio Tankers. Learn More about companies similar to Targa Resources.

How do I contact Targa Resources' investor relations team?

Targa Resources' physical mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The pipeline company's listed phone number is (713) 584-1000 and its investor relations email address is [email protected]. The official website for Targa Resources is www.targaresources.com. Learn More about contacing Targa Resources investor relations.