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TRGP Stock Forecast 2026-2027
$240.08
Current Price
$51.60B
Market Cap
Buy 19
Hold 2
Sell 0
Wall St Analyst Ratings
Distance to TRGP Price Targets
+24.1%
To High Target of $298.00
+1.6%
To Median Target of $244.00
-13.8%
To Low Target of $207.00
TRGP Price Momentum
+1.2%
1 Week Change
+7.2%
1 Month Change
+26.2%
1 Year Change
+30.1%
Year-to-Date Change
-4.0%
From 52W High of $250.00
+66.6%
From 52W Low of $144.14
📊 TOP ANALYST CALLS
Did TRGP Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Targa is one of their latest high-conviction picks.
Latest TRGP Stock Price Targets & Analyst Predictions
Based on our analysis of 30 Wall Street analysts, TRGP has a bullish consensus with a median price target of $244.00 (ranging from $207.00 to $298.00). The overall analyst rating is Strong Buy (9.1/10). Currently trading at $240.08, the median forecast implies a 1.6% upside. This outlook is supported by 19 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Robert Kad at Morgan Stanley, projecting a 24.1% upside. Conversely, the most conservative target is provided by Michael Blum at Wells Fargo, suggesting a 13.8% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
TRGP Analyst Ratings
19
Buy
2
Hold
0
Sell
TRGP Price Target Range
Low
$207.00
Average
$244.00
High
$298.00
Current: $240.08
Latest TRGP Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for TRGP.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 3, 2026 | Morgan Stanley | Robert Kad | Overweight | Maintains | $298.00 |
| Feb 27, 2026 | RBC Capital | Elvira Scotto | Outperform | Maintains | $260.00 |
| Feb 24, 2026 | Citigroup | Spiro Dounis | Buy | Maintains | $262.00 |
| Feb 24, 2026 | Scotiabank | Brandon Bingham | Sector Outperform | Maintains | $246.00 |
| Feb 20, 2026 | Wells Fargo | Michael Blum | Overweight | Maintains | $248.00 |
| Feb 20, 2026 | Stifel | Selman Akyol | Buy | Maintains | $243.00 |
| Dec 18, 2025 | Wells Fargo | Michael Blum | Overweight | Maintains | $207.00 |
| Dec 17, 2025 | Scotiabank | Brandon Bingham | Sector Outperform | Maintains | $199.00 |
| Dec 3, 2025 | RBC Capital | Elvira Scotto | Outperform | Maintains | $218.00 |
| Nov 18, 2025 | RBC Capital | Elvira Scotto | Outperform | Maintains | $213.00 |
| Nov 13, 2025 | Goldman Sachs | John Mackay | Buy | Maintains | $188.00 |
| Nov 13, 2025 | Scotiabank | Brandon Bingham | Sector Outperform | Maintains | $198.00 |
| Nov 12, 2025 | Morgan Stanley | Robert Kad | Overweight | Maintains | $261.00 |
| Nov 6, 2025 | BMO Capital | Ameet Thakkar | Outperform | Maintains | $196.00 |
| Oct 7, 2025 | JP Morgan | Jeremy Tonet | Overweight | Maintains | $215.00 |
| Sep 19, 2025 | BMO Capital | Ameet Thakkar | Outperform | Initiates | $185.00 |
| Aug 29, 2025 | Mizuho | Gabriel Moreen | Outperform | Maintains | $207.00 |
| Aug 14, 2025 | Scotiabank | Brandon Bingham | Sector Outperform | Maintains | $204.00 |
| Aug 12, 2025 | RBC Capital | Elvira Scotto | Outperform | Maintains | $208.00 |
| Aug 8, 2025 | Wells Fargo | Michael Blum | Overweight | Maintains | $205.00 |
Targa Resources Corp. (TRGP) Competitors
The following stocks are similar to Targa based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Targa Resources Corp. (TRGP) Financial Data
Targa Resources Corp. has a market capitalization of $51.60B with a P/E ratio of 28.1x. The company generates $17.03B in trailing twelve-month revenue with a 11.3% profit margin.
Revenue growth is -7.9% quarter-over-quarter, while maintaining an operating margin of +22.6% and return on equity of +51.4%.
Valuation Metrics
Market Cap
$51.60B
Enterprise Value
$68.70B
P/E Ratio
28.1x
PEG Ratio
0.4x
Price/Sales
3.0x
Growth & Margins
Revenue Growth (YoY)
-7.9%
Gross Margin
+33.5%
Operating Margin
+22.6%
Net Margin
+11.3%
EPS Growth
+55.3%
Financial Health
Cash/Price Ratio
+0.3%
Current Ratio
0.7x
Debt/Equity
548.6x
ROE
+51.4%
ROA
+8.7%
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Targa Resources Corp. (TRGP) Business Model
About Targa Resources Corp.
What They Do
Provides midstream energy services in North America.
Business Model
The company operates a diversified portfolio of midstream infrastructure assets, generating revenue primarily through fee-based contracts. It gathers, processes, transports, and markets natural gas, NGLs, and crude oil, connecting upstream production to downstream markets.
Additional Information
Founded in 2006 and headquartered in Houston, Texas, Targa Resources Corp. plays a significant role in the energy sector, particularly in key production regions like the Permian Basin, and focuses on maintaining stability through its contractual agreements.
Company Information
Sector
Energy
Industry
Oil & Gas Midstream
Employees
3,570
CEO
Mr. Matthew J. Meloy
Country
United States
IPO Year
2010
Website
www.targaresources.comTarga Resources Corp. (TRGP) Latest News & Analysis
Featured Analysis
Powered by
Zacks Investment Research
Does Targa Resources' 25% Dividend Hike Outlook Make It A Smart Hold?
TRGP gains momentum with strong Q4 results, Permian growth and a planned 25% dividend hike by 2026, though heavy capex and basin risks cloud the outlook.
Mar 05, 2026
By Zacks Equity Research
Analyst Blog
Latest News
Quick Summary
TRGP reports strong Q4 results and plans a 25% dividend increase by 2026, supported by Permian growth, though faces challenges from high capex and basin risks.
Why It Matters
TRGP's strong Q4 results and dividend hike signal financial health and growth potential, but high capital expenditures and basin risks may impact future performance and stability.
Source: Zacks Investment Research
Market Sentiment:
Positive
Midstream Energy: Relative Favorability
11 days ago
Quick Summary
A recent evaluation of 29 midstream energy companies identified UGP, HESM, and USAC as favorable prospects. Investors in TRP, GEL, or DKL should review their positions due to unfavorable comparisons.
Why It Matters
The evaluation highlights UGP, HESM, and USAC as top midstream picks, signaling potential growth. TRP, GEL, and DKL may underperform, prompting a reassessment of those positions.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Targa Resources Corp. is offering $750 million in 4.350% Senior Notes due 2031 and $750 million in 6.050% Senior Notes due 2056, with pricing at 99.812% and 99.975% of face value, respectively. Closing expected March 2, 2026.
Why It Matters
Targa Resources' $1.5 billion bond offering indicates financial strategy and capital needs, impacting liquidity and leverage. Rates reflect market conditions, influencing investor sentiment and stock valuation.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
TRGP exceeded Q4 earnings estimates due to improved margins; however, revenues were below expectations due to a decline in commodity sales.
Why It Matters
TRGP's stronger margins indicate operational efficiency, but falling revenues from commodity sales could signal challenges ahead, impacting future growth and profitability outlook.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Targa Resources exceeded Wall Street estimates for Q4 adjusted core profit, driven by increased demand and higher transport volumes of natural gas and natural gas liquids.
Why It Matters
Targa Resources' strong Q4 performance indicates robust demand and operational efficiency, potentially leading to increased investor confidence and a favorable outlook for future earnings.
Source: Reuters
Market Sentiment:
Positive
Quick Summary
Targa Resources Corp. (TRGP) held its Q4 2025 earnings call, discussing financial performance and operational updates. Further details on earnings and forecasts were provided.
Why It Matters
Targa Resources' Q4 2025 earnings reveal financial performance, growth prospects, and operational efficiency, influencing stock valuation and investment decisions.
Source: Seeking Alpha
Market Sentiment:
Neutral
Frequently Asked Questions About TRGP Stock
What is Targa Resources Corp.'s (TRGP) stock forecast for 2026?
Based on our analysis of 30 Wall Street analysts, Targa Resources Corp. (TRGP) has a median price target of $244.00. The highest price target is $298.00 and the lowest is $207.00.
Is TRGP stock a good investment in 2026?
According to current analyst ratings, TRGP has 19 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $240.08. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for TRGP stock?
Wall Street analysts predict TRGP stock could reach $244.00 in the next 12 months. This represents a 1.6% increase from the current price of $240.08. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Targa Resources Corp.'s business model?
The company operates a diversified portfolio of midstream infrastructure assets, generating revenue primarily through fee-based contracts. It gathers, processes, transports, and markets natural gas, NGLs, and crude oil, connecting upstream production to downstream markets.
What is the highest forecasted price for TRGP Targa Resources Corp.?
The highest price target for TRGP is $298.00 from Robert Kad at Morgan Stanley, which represents a 24.1% increase from the current price of $240.08.
What is the lowest forecasted price for TRGP Targa Resources Corp.?
The lowest price target for TRGP is $207.00 from Michael Blum at Wells Fargo, which represents a -13.8% decrease from the current price of $240.08.
What is the overall TRGP consensus from analysts for Targa Resources Corp.?
The overall analyst consensus for TRGP is bullish. Out of 30 Wall Street analysts, 19 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $244.00.
How accurate are TRGP stock price projections?
Stock price projections, including those for Targa Resources Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: March 15, 2026 5:04 PM UTC