Targa Resources Corp.TRGPNYSE
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Analyst Sentiment

Analysts lean bullish — 100% recommend buying.

Consensus Rating
Buy
19 analysts·Moderate coverage
100%
Rating Distribution
Strong Buy
15%
Buy
1895%
Hold
00%
Sell
00%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Current price is 4% above analyst consensus — near fair value expected.

Bear Case
$207.00
-15%
Consensus
$234.80
-4%
Bull Case
$266.00
+9%
Price Range19 analysts
Low
Consensus
High
$207.00
$266.00
Current Target
Current Price
$244.04
Above Target
$9.24

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$9.96(7 analysts)
P/E28x
Current: 28.4x
Actual
Estimate
Range (Low–High)
Stock Alarm Pro
Forward Growth Estimates (YoY)
FY2027
Rev+10.16%
EPS+13.81%
FY2028
Rev-11.80%
EPS+17.65%
FY2029
Rev+8.01%
EPS+5.56%

Earnings Surprises

Beat rate:50%(6/12 quarters)
Avg surprise:-9.6%
Beat
Miss
Inline
Estimate
Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Feb 24, 2026Scotiabank
Targa Resources (TRGP) PT Raised to $246 at Scotiabank
Target:$246.00
+7.2%from $229.47
Feb 20, 2026Goldman Sachs
Targa Resources price target raised to $242 from $196 at Goldman Sachs
Target:$242.00
+4.6%from $231.35
Feb 20, 2026BMO Capital
Targa Resources (TRGP) PT Raised to $241 at BMO Capital
Target:$241.00
+5.7%from $227.92
Feb 20, 2026Stifel Nicolaus
Targa Resources price target raised to $243 from $213 at Stifel
Target:$243.00
+8.4%from $224.16
Feb 20, 2026Barclays
Targa Resources price target raised to $226 from $191 at Barclays
Target:$226.00
+0.8%from $224.16
Feb 18, 2026Seaport Global
Targa Resources price target raised to $231 from $193 at Seaport Research
Target:$231.00
+1.1%from $228.59
Jan 28, 2026Morgan Stanley
Targa Resources price target raised to $266 from $264 at Morgan Stanley
Target:$266.00
+33.0%from $199.96
Jan 16, 2026Scotiabank
Targa Resources price target raised to $224 from $199 at Scotiabank
Target:$224.00
+22.6%from $182.73
Jan 12, 2026Goldman Sachs
Targa Resources (TRGP) PT Raised to $196 at Goldman Sachs
Target:$196.00
+10.8%from $176.86
Dec 18, 2025Wells Fargo
Targa Resources price target raised to $207 from $205 at Wells Fargo
Target:$207.00
+13.5%from $182.37
Dec 17, 2025Scotiabank
Targa Resources price target raised to $199 from $198 at Scotiabank
Target:$199.00
+10.6%from $179.92
Dec 3, 2025RBC Capital
Targa Resources price target raised to $218 from $213 at RBC Capital
Target:$218.00
+24.9%from $174.47
Dec 2, 2025UBS
Targa Resources (TRGP) Reiterated at Buy by UBS Ahead of Stakeholder Deal
Target:$228.00
+31.5%from $173.39
Nov 6, 2025Stifel Nicolaus
Targa Resources price target lowered to $213 from $216 at Stifel
Target:$213.00
+24.8%from $170.72
Aug 29, 2025Mizuho Securities
Targa Resources price target lowered to $207 from $212 at Mizuho
Target:$207.00
+24.0%from $166.96
Jun 26, 2025RBC Capital
Targa Resources price target raised to $205 from $191 at RBC Capital
Target:$205.00
+17.1%from $175.01
May 20, 2025Scotiabank
Targa Resources price target lowered to $193 from $199 at Scotiabank
Target:$193.00
+19.2%from $161.93
May 20, 2025Mizuho Securities
Targa Resources price target lowered to $212 from $218 at Mizuho
Target:$212.00
+30.9%from $161.93
Mar 17, 2025Morgan Stanley
Targa Resources price target raised to $244 from $202 at Morgan Stanley
Target:$244.00
+24.1%from $196.60
Mar 6, 2025Scotiabank
Targa Resources price target lowered to $210 from $218 at Scotiabank
Target:$210.00
+15.4%from $181.98
Nov 19, 2024Stifel Nicolaus
Targa Resources (TRGP) PT Raised to $224 at Stifel, Remains on Select List
Target:$224.00
+65.1%from $135.69
Nov 15, 2024Truist Financial
Targa Resources (TRGP) PT Raised to $225 at Truist Securities
Target:$225.00
+16.3%from $193.48
Oct 22, 2024Mizuho Securities
Targa Resources (TRGP) PT Raised to $181 at Mizuho
Target:$181.00
+11.9%from $161.71
Oct 17, 2024Bank of America Securities
BofA Securities Assumes Targa Resources (TRGP) at Buy
Target:$182.00
+11.9%from $162.63
Oct 16, 2024RBC Capital
Targa Resources price target raised to $172 from $153 at RBC Capital
Target:$172.00
+6.2%from $162.02