
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is a top player in the midstream space, with a strong position in key plays in the Permian and other major basins. Its continued expansion through new processing and pipeline projects, strategic partnerships with major companies, and strong relationships with producers make it a solid choice for investors looking for exposure to the sector. Additionally, the company has a strong track record of returning capital to shareholders through dividend increases and share buybacks.
Bears say
Targa Resources is well-positioned to capture the next decade of NGL-driven growth in North American energy through its critical infrastructure and fully integrated system, but its stock's YTD outperformance, high valuation, and potential delays in volume growth due to weakness in commodity prices lead to a neutral outlook. Moving forward, Targa will continue to expand its asset network in the Permian and focus on lowering capital intensity while driving EBITDA growth through increasing throughput. However, its high valuation and potential execution risk may limit significant upside in the near term.
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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