
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is well positioned for future growth with its strong relationships with large and well-capitalized producer customers, and its integrated infrastructure network in the Permian-to-Gulf Coast area. Forecasts show the company maintaining a 25% market share in-basin and excluding XOM, which should support an additional 6-7 plants in 2028-2030, with 2 plants already sanctioned for 2028. With an estimated 17 new processing plants through 2030 and 2 plants per year after, TRGP is poised for continued success in capturing sustained tailwinds in the basin.
Bears say
Targa Resources is facing significant risks, as producer's expectations for gas growth could outpace TRGP's assumptions, with new pipeline egress coming online before industry activity ramps up. Additionally, TRGP's reliance on transporting fossil fuels makes it subject to public scrutiny for its carbon emissions, which could lead to potential liabilities in the future. The company's downside scenario assumes lower production activity and volume growth, while its upside scenario relies on commodity price increases and successful capturing of excess volumes.
This aggregate rating is based on analysts' research of Targa Resources and is not a guaranteed prediction by Public.com or investment advice.
Targa Resources (TRGP) Analyst Forecast & Price Prediction
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