
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is positioned for significant EBITDA growth driven by a strong operational foundation and increased financial flexibility, which supports shareholder returns. The firm's extensive integrated infrastructure, particularly its presence in the Permian to Gulf Coast region, enables it to maintain resilient production supported by a well-capitalized customer base. Additionally, the company anticipates robust volume growth through 2026, which, combined with recent growth project announcements, suggests a positive cash flow trajectory starting in 2028 and beyond.
Bears say
The analysis of Targa Resources's financial outlook reveals concerns regarding potential weaknesses in commodity prices that could lead to decreased drilling and completion activity among producers, ultimately resulting in significantly lower volume growth across the company's systems. Additionally, there are fears surrounding lower-than-expected demand for ethane and other natural gas liquid purity products, which may adversely affect pricing and margins, compounding the challenges posed by overall declining producer activity. Furthermore, the potential execution risks on new projects add another layer of uncertainty, suggesting that anticipated cash flow and volume visibility may not materialize as projected.
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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