TRGPEnergy · Oil & Gas MidstreamThe 22 Wall Street analysts covering Targa Resources Corp. hold a median 12-month price target of $330 — +15.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 50 of 100 as at 3 Nov 2026 — in the upper half.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (87): 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 systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on TRGP, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +15.9% from it.
Of the 20 most recent actions, 10 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 21 Oct 2026 | BMO Capital | Maintains | Outperform | $303 → $328 |
| 13 Oct 2026 | Citigroup | Maintains | Buy | $303 → $325 |
| 13 Oct 2026 | Citigroup | Maintains | Buy | — |
| 8 Oct 2026 | Barclays | Maintains | Overweight | $284 → $294 |
| 8 Oct 2026 | Barclays | Maintains | Overweight | — |
| 21 Sept 2026 | Truist Securities | Reiterates | Buy | — |
| 21 Sept 2026 | Truist Securities | Reiterates | Buy | $312 → $345 |
| 18 Sept 2026 | TD Cowen | Upgrade | Buy | $275 → $350 |
| 18 Sept 2026 | TD Cowen | Upgrade | Buy | — |
| 16 Sept 2026 | Morgan Stanley | Maintains | Overweight | $343 → $359 |
| 16 Sept 2026 | Morgan Stanley | Maintains | Overweight | — |
| 11 Sept 2026 | Mizuho | Maintains | Outperform | — |
| 11 Sept 2026 | Mizuho | Maintains | Outperform | $300 → $320 |
| 10 Sept 2026 | Scotiabank | Maintains | Sector Outperform | — |
| 10 Sept 2026 | Scotiabank | Maintains | Sector Outperform | $257 → $314 |
| 10 Sept 2026 | Stifel | Reinstates | Buy | $340 |
| 2 Sept 2026 | Wells Fargo | Maintains | Overweight | $282 → $324 |
| 2 Sept 2026 | Wells Fargo | Maintains | Overweight | — |
| 27 Aug 2026 | RBC Capital | Maintains | Outperform | $312 → $338 |
| 27 Aug 2026 | RBC Capital | Maintains | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
TRGP appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, Targa Resources Corp. returned +87.7% against +14.8% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 27% of US stocks
Cheaper than 31% of US stocks
Cheaper than 5% of US stocks
Cheaper than 23% of US stocks
Higher than 38% of US stocks
Higher than 61% of US stocks
Higher than 46% of US stocks
Higher than 86% of US stocks
Higher than 76% of US stocks
Higher than 95% of US stocks
Higher than 91% of US stocks
Higher than 77% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $63.2B and an enterprise value of $82.8B.
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.
Trailing P/E: 28.5×; forward P/E: 24.6× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.67%, paying out 41% of earnings.
Targa Resources Corp. employs 3,570 people — $4.7M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
Zacks Investment Research says Canadian Natural, ConocoPhillips, TC Energy and Targa Resources are scheduled to report third-quarter earnings tomorrow.
Why it matters — The item identifies the timing of Targa Resources’ upcoming third-quarter earnings report.
Zacks Investment Research reports that energy-sector earnings are expected to rise 133.9% in Q3 2026 and identifies TRGP, alongside COP, EOG and CLMT, as a stock that could surpass earnings estimates amid stronger oil prices.
Why it matters — The item puts TRGP among the energy stocks highlighted as potential Q3 earnings estimate beaters.
Zacks Investment Research previews Targa Resources’ Q3 earnings, highlighting key performance measures beyond Wall Street’s top- and bottom-line estimates for the quarter ended September 2026.
Why it matters — The discussion of additional metrics offers TRGP watchers another lens on the company’s upcoming quarterly results.
Seeking Alpha says Targa Resources has strong natural gas and NGL demand prospects, including a 20-year ExxonMobil deal and favorable Gulf Coast export dynamics, but an overleveraged balance sheet. It cites debt metrics of 81.4% long-term debt to total capital and 516% debt to equity, above sector norms.
Why it matters — TRGP watchers may weigh its favorable business trends against the balance-sheet leverage highlighted in the article.
Zacks Investment Research says Targa Resources (TRGP) has two key ingredients associated with a likely earnings beat in its upcoming report and outlines key expectations.
Why it matters — TRGP watchers may find the upcoming earnings expectations relevant when following the company’s next report.
The 22 Wall Street analysts covering Targa Resources Corp. have a median 12-month price target of $330, with estimates ranging from $294 to $359. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
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. 50 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, Targa Resources Corp. ranks 50 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 (87 of 100).
No one can know that. What the data says: the median 12-month target from 22 analysts implies +15.9% from the last close, and Ticker Nerd's factor model ranks Targa Resources Corp. 50 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $294 to $359 over the next 12 months.
Targa Resources Corp. returned +87.7% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
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 most recent item we track (Zacks Investment Research, 4 Nov 2026): "What's in Store for These 4 Energy Stocks in Q3 Earnings?". Zacks Investment Research says Canadian Natural, ConocoPhillips, TC Energy and Targa Resources are scheduled to report third-quarter earnings tomorrow.
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
