TARGA RESOURCES CORP (TRGP) Forecast, Price Target & Analyst Ratings

NYSE:TRGP • US87612G1013

Current stock price

235.66 USD
+3.01 (+1.29%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TARGA RESOURCES CORP (TRGP).

Forecast Snapshot

Consensus Price Target

Price Target
$263.12
+ 11.65% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
$2.56
Revenue Estimate
4.92B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
82.67%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$263.12
Upside
+ 11.65%
From current price of $235.66 to mean target of $263.12, Based on 30 analyst forecasts
Low
$222.20
Median
$260.10
High
$343.35

Price Target Revisions

1 Month
12.85%
3 Months
23.50%

Price Target Summary

30 Wall Street analysts provided a forecast for the next 12 months for TRGP. The average price target is 263.12 USD. This implies a price increase of 11.65% is expected in the next year compared to the current price of 235.66.
The average price target has been revised upward by 23.5% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TRGP Current Analyst RatingTRGP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

TRGP Historical Analyst RatingsTRGP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
82.67%
TRGP was analyzed by 30 analysts. The buy percentage consensus is at 83. So analysts seem to be very confident about TRGP.
In the previous month the buy percentage consensus was at a similar level.
TRGP was analyzed by 30 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-20Goldman SachsMaintains Buy -> Buy
2026-04-13ScotiaBankMaintains Sector Outperform -> Sector Outperform
2026-04-13RBC CapitalMaintains Outperform -> Outperform
2026-04-13Truist SecuritiesMaintains Buy -> Buy
2026-04-07BarclaysMaintains Overweight -> Overweight
2026-04-07Morgan StanleyMaintains Overweight -> Overweight
2026-03-24UBSMaintains Buy -> Buy
2026-03-24Truist SecuritiesInitiate Buy -> Buy
2026-03-19MizuhoMaintains Outperform -> Outperform
2026-03-13Wells FargoMaintains Overweight -> Overweight
2026-03-03Morgan StanleyMaintains Overweight -> Overweight
2026-02-27RBC CapitalMaintains Outperform -> Outperform
2026-02-24ScotiaBankMaintains Sector Outperform -> Sector Outperform
2026-02-24CitigroupMaintains Buy -> Buy
2026-02-20StifelMaintains Buy -> Buy
2026-02-20Wells FargoMaintains Overweight -> Overweight
2025-12-18Wells FargoMaintains Overweight -> Overweight
2025-12-17ScotiaBankMaintains Sector Outperform -> Sector Outperform
2025-12-03RBC CapitalMaintains Outperform -> Outperform
2025-11-18RBC CapitalMaintains Outperform -> Outperform
2025-11-13ScotiaBankMaintains Sector Outperform -> Sector Outperform
2025-11-13Goldman SachsMaintains Buy -> Buy
2025-11-12Morgan StanleyMaintains Overweight -> Overweight
2025-11-06BMO CapitalMaintains Outperform -> Outperform
2025-10-07JP MorganMaintains Overweight -> Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
$2.56
Revenue Estimate
4.92B
Revenue Q2Q
7.86%
EPS Q2Q
180.82%
Number of Analysts
20

Next Earnings Revisions

Revenue (1 Month)
-5.80%
Revenue (3 Months)
-15.75%
EPS (1 Month)
-0.05%
EPS (3 Months)
3.11%

Next Earnings Summary

TRGP is expected to report earnings on 4/30/2026. The consensus EPS estimate for the next earnings is 2.56 USD and the consensus revenue estimate is 4.92B USD.
The next earnings revenue estimate has been revised downward by 15.75% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2032

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Revenue
YoY % growth
TRGP revenue by date.TRGP revenue by date.
16.06B
-23.27%		16.381B
2.00%		17.028B
3.95%		22.193B
30.33%		23.647B
6.55%		24.597B
4.02%		23.841B
-3.07%		24.612B
3.23%		N/AN/A
EBITDA
YoY % growth
TRGP ebitda by date.TRGP ebitda by date.
3.956B
40.03%		4.118B
4.11%		4.847B
17.68%		5.632B
16.21%		6.213B
10.32%		6.791B
9.30%		7.215B
6.24%		7.753B
7.46%		8.097B
4.44%		6.749B
-16.65%
EBIT
YoY % growth
TRGP ebit by date.TRGP ebit by date.
2.626B
51.89%		2.695B
2.63%		3.331B
23.59%		3.784B
13.59%		4.2B
10.99%		4.544B
8.19%		4.43B
-2.51%		4.563B
3.00%		6.075B
33.14%		6.182B
1.76%
Operating Margin
TRGP operating margin by date.TRGP operating margin by date.
16.35%16.45%19.56%17.05%17.76%18.47%18.58%18.54%N/AN/A
EPS
YoY % growth
TRGP eps by date.TRGP eps by date.
3.70
-5.04%		5.75
55.66%		8.51
47.90%		10.24
20.34%		11.58
13.06%		13.43
16.01%		12.13
-9.70%		N/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		2.56
180.82%		2.37
-17.25%		2.56
16.58%		2.74
8.32%		2.83
10.64%		2.77
16.62%		3.09
20.43%		3.27
19.29%		3.20
13.03%		3.11
12.33%		3.29
6.39%		3.52
7.55%
Revenue
Q2Q % growth		4.92B
7.86%		5.08B
19.25%		5.183B
24.86%		5.51B
35.86%		5.682B
15.49%		5.714B
12.48%		6.039B
16.52%		6.543B
18.75%		7.463B
31.34%		7.103B
24.31%		7.334B
21.44%		7.654B
16.98%
EBITDA
Q2Q % growth		1.374B
50.84%		1.348B
-24.05%		1.42B
-27.61%		1.477B
-39.29%		1.517B
10.41%		1.485B
10.16%		1.573B
10.77%		1.648B
11.58%		1.63B
7.45%		1.604B
8.01%		1.649B
4.83%		1.706B
3.52%
EBIT
Q2Q % growth		909.77M
67.45%		885.18M
-14.36%		930.23M
11.15%		976.89M
6.48%		1.006B
10.58%		967.56M
9.31%		1.101B
18.36%		1.212B
24.07%		1.035B
2.88%		924.77M
-4.42%		943.65M
-14.29%		1.087B
-10.31%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TRGP Yearly Revenue VS EstimatesTRGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
TRGP Yearly EPS VS EstimatesTRGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 -5 10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
16.43%
EPS Next 5 Year
9.26%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
10.37%
Revenue Next 5 Year
6.11%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
26.55%
EBIT Next 5 Year
18.27%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TARGA RESOURCES CORP / TRGP Forecast FAQ

What do analysts expect the price target to be for TARGA RESOURCES CORP (TRGP)?

30 analysts have analysed TRGP and the average price target is 263.12 USD. This implies a price increase of 11.65% is expected in the next year compared to the current price of 235.66.

What is the next earnings date for TRGP stock?

TARGA RESOURCES CORP (TRGP) will report earnings on 2026-04-30, before the market open.

What are the consensus estimates for TRGP stock next earnings?

The consensus EPS estimate for the next earnings of TARGA RESOURCES CORP (TRGP) is 2.56 USD and the consensus revenue estimate is 4.92B USD.

How do analysts rate TARGA RESOURCES CORP (TRGP)?

The consensus rating for TARGA RESOURCES CORP (TRGP) is 82.6667 / 100 . This indicates that analysts generally have a positive outlook on the stock.