
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources has a robust balance sheet that supports additional share repurchases and a significant backlog of growth projects, indicating a strong financial position. The company is well-positioned to benefit from ongoing EBITDA growth driven by resilient production from its capitalized customer base and an integrated operational footprint from the Permian to the Gulf Coast. Recent strong financial results and the expectation of strong free cash flow generation in the coming years further enhance Targa Resources's outlook, reinforcing its potential for increased shareholder returns.
Bears say
The negative outlook on Targa Resources's stock is primarily driven by the potential for decreased producer activity due to weakness in commodity prices, which could significantly hinder volume growth across the company's systems. Additionally, lower-than-expected demand for ethane and other natural gas liquids (NGL) purity products may adversely affect pricing and margins, further complicating the firm's financial performance. Furthermore, there are heightened execution risks associated with new projects, alongside potential financing and acquisition challenges, all of which contribute to the overall pessimistic sentiment regarding Targa Resources's future prospects.
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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