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TRGPTRGPEnergy · Oil & Gas Midstream

TRGP Stock Forecast: Targa Resources Corp. Price Predictions for 2026-2027

Last close, 6 Oct 2026
$286
−0.58% on the day

The 22 Wall Street analysts covering Targa Resources Corp. hold a median 12-month price target of $325 — +13.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 45 of 100 as at 6 Oct 2026 — in the lower half.

Market cap
$60.4B
Ticker Nerd rank
45 / 100
Median analyst target
$325
Analysts covering
22
Revenue$4.4B+4.2% y/y
Operating income$1.2B
Net income$777.7M
Free cash flow$431.2M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+4.5%
1M
−1.5%
YTD
+57.1%
1Y
+79.5%
From 52W high
−5.5%
From 52W low
+99.5%
$143
$302
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

TRGP stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Targa Resources Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 6 Oct 2026
45 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
88
Quality
83
Volatility
66
Revisions
54
Growth
48
Issuance
43
Accruals
42
Value
30
Size
4

Momentum (88): The shares have been drifting up relative to others.

Value (30): The shares cost a lot relative to the profits and assets behind them.

Size (4): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

TRGP stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on TRGP, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$150$200$250$300$350Jan 26Apr 26Jul 26Oct 26TRGPHigh $359Median $325Low $284

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says22 analysts
21 Buy1 Hold0 Sell
Low $284Median $325High $359

The green dot is the last close — the median target sits +13.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 11 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
21 Sept 2026Truist SecuritiesReiteratesBuy$312 → $345
18 Sept 2026TD CowenUpgradeBuy$275 → $350
16 Sept 2026Morgan StanleyMaintainsOverweight$343 → $359
11 Sept 2026MizuhoMaintainsOutperform—
11 Sept 2026MizuhoMaintainsOutperform$300 → $320
10 Sept 2026ScotiabankMaintainsSector Outperform—
10 Sept 2026ScotiabankMaintainsSector Outperform$257 → $314
10 Sept 2026StifelReinstatesBuy$340
2 Sept 2026Wells FargoMaintainsOverweight$282 → $324
2 Sept 2026Wells FargoMaintainsOverweight—
27 Aug 2026RBC CapitalMaintainsOutperform$312 → $338
27 Aug 2026RBC CapitalMaintainsOutperform—
18 Aug 2026JefferiesMaintainsBuy—
18 Aug 2026JefferiesMaintainsBuy$324 → $345
18 Aug 2026Morgan StanleyMaintainsOverweight—
18 Aug 2026Morgan StanleyMaintainsOverweight$333 → $343
11 Aug 2026RBC CapitalMaintainsOutperform—
11 Aug 2026RBC CapitalMaintainsOutperform$310 → $312
7 Aug 2026BarclaysMaintainsOverweight—
7 Aug 2026BarclaysMaintainsOverweight$282 → $284

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. TRGP appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

TRGP vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 6 Oct 2026, Targa Resources Corp. returned +79.5% against +17.3% for the S&P 500, dividends included.

TRGP vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160180200Jan 26Apr 26Jul 26Oct 26TRGPS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

TRGP analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+3.0%
Analysts raising
4
Analysts cutting
0
Fundamentals

Targa Resources Corp. (TRGP) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
26.9×

Cheaper than 28% of US stocks

Price / sales
3.6×

Cheaper than 34% of US stocks

Price / book
16.5×

Cheaper than 6% of US stocks

EV / EBITDA
14.6×

Cheaper than 24% of US stocks

Growth & margins
Revenue growth (YoY)
4.2%

Higher than 37% of US stocks

Earnings growth (YoY)
21.5%

Higher than 60% of US stocks

Gross margin
37.9%

Higher than 46% of US stocks

Operating margin
27.8%

Higher than 86% of US stocks

Net margin
13.5%

Higher than 76% of US stocks

Returns & dividend
Return on equity
70.8%

Higher than 95% of US stocks

Return on assets
9.2%

Higher than 91% of US stocks

Dividend yield
1.8%

Higher than 76% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Targa Resources Corp. (TRGP) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Targa Resources Corp. has a market value of $60.4B and an enterprise value of $80.0B.

  • Revenue in the twelve months to 30 June 2026: $16.7B. The latest quarter grew 4.2% year on year.

  • Net income over the same four quarters: $2.3B, a 13.8% net margin.

  • Diluted earnings per share, trailing twelve months: $10.54.

  • Free cash flow in the twelve months to 30 June 2026: $740.9M.

  • Targa Resources Corp. spent $327.7M on share buybacks and $921.3M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 214.4M.

  • Trailing P/E: 26.9×; forward P/E: 23.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 1.77%, paying out 41% of earnings.

  • Targa Resources Corp. employs 3,570 people — $4.7M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 7 Oct 2026

Data provided by Twelve Data

Peers

TRGP vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas Midstream
CompanyMarket capTKN rank
TRGPTarga Resources Corp.$60.4B
45
TRPTC Energy Corp.$60.2B
48
LNGCheniere Energy, Inc.$56.9B
88
OKEONEOK, Inc.$56.1B
61
KMIKinder Morgan, Inc.$71.5B
80
WMBThe Williams Cos., Inc.$88.5B
52
VGVenture Global, Inc.$33.2B
53

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Targa Resources Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest TRGP news & analysis

Is Targa Resources Stock a Smart Hold in Today's Market?

Zacks Investment Research · 28 Sept 2026neutral

Zacks Investment Research examines whether Targa Resources stock is a smart hold in today's market, noting its 64.3% share surge, rising 2026 earnings estimates, and expansion plans, which are offset by debt, higher costs, and commodity risks.

Why it matters — A TRGP watcher would care because the piece weighs the company's strong share performance and growth outlook against potential headwinds from debt, costs, and commodity exposure.

Analyst Rating Boosts May Signal More Upside for These 3 Stocks

MarketBeat · 28 Sept 2026positive

MarketBeat reports that analyst rating upgrades for three stocks, including Targa Resources Corp. (TRGP), may signal more upside. Such upgrades generally follow improvements in fundamentals, strong earnings trends, or other catalysts that could reinvigorate a company's outlook.

Why it matters — A TRGP watcher would note that an analyst upgrade is typically viewed as a positive signal reflecting potential improvements in the company's fundamentals or earnings trend.

ProPetro's PROPWR Expands Power Footprint With Targa Deal

Zacks Investment Research · 23 Sept 2026positive

ProPetro's PROPWR secured 230 MW in long-term contracts with Targa Resources (TRGP), bringing its committed capacity to 510 MW and expanding its Permian on-site power footprint.

Why it matters — A TRGP watcher would care because the long-term power contracts deepen Targa's Permian on-site energy partnerships and broaden its operational footprint.

PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.

Business Wire · 22 Sept 2026positive

PROPWR has signed new power contracts to commit approximately 230 megawatts to Targa Resources Corp., according to a Business Wire announcement from Midland, Texas. The agreement secures power capacity for Targa through the newly signed contracts.

Why it matters — This secures significant power supply for Targa, supporting reliable operations for a TRGP watcher monitoring the company's infrastructure and energy commitments.

Here's Why Targa Resources, Inc. (TRGP) is a Strong Growth Stock

Zacks Investment Research · 18 Sept 2026positive

Zacks Investment Research identifies Targa Resources as a strong growth stock, referencing its Zacks Style Scores system for picking market-beating stocks. The piece highlights TRGP among stocks selected through this scoring approach.

Why it matters — A Targa Resources watcher would care because the piece positions TRGP favorably under Zacks' growth-stock scoring framework.

FAQ

Frequently asked questions about TRGP stock

What is the TRGP stock price forecast for 2026-2027?

The 22 Wall Street analysts covering Targa Resources Corp. have a median 12-month price target of $325, with estimates ranging from $284 to $359. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is TRGP stock a buy right now?

Of the 22 analysts covering Targa Resources Corp., 21 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Targa Resources Corp. 45 out of 100 across roughly 4,600 US stocks as at 6 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank TRGP?

As at 6 Oct 2026, Targa Resources Corp. ranks 45 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (88 of 100).

Will TRGP stock go up?

No one can know that. What the data says: the median 12-month target from 22 analysts implies +13.7% from the last close, and Ticker Nerd's factor model ranks Targa Resources Corp. 45 out of 100 as at 6 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the TRGP stock forecast for 2030?

No analyst covering Targa Resources Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for TRGP are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $284 to $359 over the next 12 months.

How has TRGP stock performed over the past year?

Targa Resources Corp. returned +79.5% over the 12 months to 6 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Targa Resources Corp. do?

Targa Resources Corp. is a North American midstream energy company that provides infrastructure and services for gathering, compressing, treating, processing, transporting, storing, fractionating, and marketing natural gas and natural gas liquids.

What is the latest news on TRGP?

The most recent item we track (Zacks Investment Research, 28 Sept 2026): "Is Targa Resources Stock a Smart Hold in Today's Market?". Zacks Investment Research examines whether Targa Resources stock is a smart hold in today's market, noting its 64.3% share surge, rising 2026 earnings estimates, and expansion plans, which are offset by debt, higher costs, and commodity risks.

Company

About Targa Resources Corp.

Targa Resources Corp. is a North American midstream energy company that provides infrastructure and services for gathering, compressing, treating, processing, transporting, storing, fractionating, and marketing natural gas and natural gas liquids. The company also handles related crude oil logistics and offers support services tied to LPG exports and NGL balancing. Its operations are organized around gathering and processing, along with logistics and transportation, making it an important connector between upstream production and end markets. Targa Resources serves producers, refiners, petrochemical operators, exporters, and other energy customers through an integrated network of pipelines, processing plants, storage facilities, and terminal assets. Headquartered in Houston, Texas, Targa Resources Corp. focuses on core U.S. energy regions and plays a central role in moving hydrocarbons through the domestic midstream value chain.

CEO Mr. Matthew J. Meloy · 3,570 employees · United States · https://www.targaresources.com