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TRGP
Volume: 311.28K

Targa Resources (TRGP) Stock Forecast & Price Target

Targa Resources (TRGP) Analyst Ratings

Based on 14 analyst ratings
Buy
Strong Buy 36%
Buy 57%
Hold 7%
Sell 0%
Strong Sell 0%

Bulls say

Targa Resources is well-positioned to benefit from the continued growth of the Permian Basin, one of the most prolific oil and gas regions in the United States. The company's diversified business segments, including gathering and processing, logistics and transportation, and fractionation, provide a strong foundation for sustained growth and stable cash flow. While regulatory risks and potential counterparty defaults could pose challenges, Targa's strong relationships with major producers and its significant sour gas treating capacity give it a competitive advantage in the market. With a strong backlog of projects and a focus on shareholder returns, Targa Resources is a solid investment opportunity in the midstream sector.

Bears say

Targa Resources is a well-integrated midstream firm with a strong presence in major shale plays. However, despite its strong 2026 guidance and outperformance in the market, its current valuation at ~13.5x 2026E EBITDA and ~10.5x 2028E EBITDA is well above its historic range. Furthermore, with most of the growth already priced in and significant price tightness and volatility in certain markets, it may struggle to continue outperforming peers in the future. Its sustainability initiatives and strong relationships with premier operators may provide some support, but these factors may not be enough to justify its current valuation.

Targa Resources (TRGP) has been analyzed by 14 analysts, with a consensus rating of Buy. 36% of analysts recommend a Strong Buy, 57% recommend Buy, 7% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Targa Resources and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Targa Resources (TRGP) Forecast

Analysts have given Targa Resources (TRGP) a Buy based on their latest research and market trends.

According to 14 analysts, Targa Resources (TRGP) has a Buy consensus rating as of May 12, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $258.93, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $258.93, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Targa Resources (TRGP)

Volume: 311.28K

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