
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is expected to continue its strong performance in the coming quarters, supported by its focus on Permian volumes, integration of Stakeholder, and plans for growth and acquisitions. However, risks from fluctuating commodity prices and stricter environmental regulations have led to a Neutral rating, despite the stock's 38% increase this year. With partnerships with major producers and strong presence in the Permian, Targa Resources has potential for continued growth and is returning capital to shareholders, making it a promising investment option.
Bears say
Targa Resources is facing several headwinds in its business, including a two-week outage at one of its export processing facilities and a slowdown in export volumes. Additionally, the company is facing increased costs due to infrastructure expansion and lower prices in the natural gas market. Furthermore, the capital expenditure estimates for 2027 and 2028 are higher than consensus, indicating potential financial strain for the company. The current CEO has a strong background in the energy sector and has been with the company for a long time, but this may not be enough to overcome the challenges faced by Targa Resources.
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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