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TRGP

Targa Resources (TRGP) Stock Forecast & Price Target

Targa Resources (TRGP) Analyst Ratings

Based on 13 analyst ratings
Buy
Strong Buy 38%
Buy 62%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Targa Resources Corp has demonstrated strong operational execution, surpassing Permian gas volume growth by 4% and crude volume growth by 9% since 2020, indicating the company's effective management in a lucrative region. The increase in associated gas and NGL volumes from ongoing Permian oil production growth provides Targa with a durable throughput tailwind, contributing to robust free cash flow expansion. Additionally, Targa's strategic investments in natural gas pipeline capabilities are expected to support peer-leading EBITDA growth and enhanced financial flexibility, enabling the company to increase shareholder returns through dividends and share repurchases.

Bears say

The analysis indicates a negative outlook for Targa Resources Corp primarily due to anticipated weaknesses in commodity prices, which could lead to decreased producer activity and lower volume growth across the company's systems. Additionally, there are concerns regarding reduced demand for ethane and other natural gas liquids, potentially resulting in diminished pricing and margins that would affect cash flows and project returns. Lastly, execution risks associated with new projects, compounded by limited pipeline capacity to support demand and persistently low natural gas prices, exacerbate the company’s forecast challenges.

Targa Resources (TRGP) has been analyzed by 13 analysts, with a consensus rating of Buy. 38% of analysts recommend a Strong Buy, 62% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Targa Resources and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Targa Resources (TRGP) Forecast

Analysts have given Targa Resources (TRGP) a Buy based on their latest research and market trends.

According to 13 analysts, Targa Resources (TRGP) has a Buy consensus rating as of Apr 26, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $259.54, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $259.54, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Targa Resources (TRGP)


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