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

NYSE:TRGP • US87612G1013

237.41 USD

-2.12 (-0.89%)

At close: Mar 20, 2026

237.41 USD

0 (0%)

After Hours: 3/20/2026, 8:25:43 PM

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).

Consensus Price Target

Price Target

$233.17

-1.79% Downside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: Apr 29, 2026
Period: Q1 / 2026
EPS Estimate: $2.56
Revenue Estimate: 5.223B

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

84.14%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$233.17

Upside

-1.79%

From current price of $237.41 to mean target of $233.17, Based on 29 analyst forecasts

Low

$198.77

Median

$229.50

High

$279.30

Price Target Revisions

1 Month

7.48%

3 Months

9.73%

Price Target Summary

29 Wall Street analysts provided a forecast for the next 12 months for TRGP. The average price target is 233.17 USD. This implies a price decrease of -1.79% is expected in the next year compared to the current price of 237.41.

The average price target has been revised upward by 9.73% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

84.14%

TRGP was analyzed by 29 analysts. The buy percentage consensus is at 84. 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 29 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

Date	Firm	Action	From → To
2026-03-19	Mizuho	Maintains	Outperform -> Outperform
2026-03-13	Wells Fargo	Maintains	Overweight -> Overweight
2026-03-03	Morgan Stanley	Maintains	Overweight -> Overweight
2026-02-27	RBC Capital	Maintains	Outperform -> Outperform
2026-02-24	ScotiaBank	Maintains	Sector Outperform -> Sector Outperform
2026-02-24	Citigroup	Maintains	Buy -> Buy
2026-02-20	Stifel	Maintains	Buy -> Buy
2026-02-20	Wells Fargo	Maintains	Overweight -> Overweight
2025-12-18	Wells Fargo	Maintains	Overweight -> Overweight
2025-12-17	ScotiaBank	Maintains	Sector Outperform -> Sector Outperform
2025-12-03	RBC Capital	Maintains	Outperform -> Outperform
2025-11-18	RBC Capital	Maintains	Outperform -> Outperform
2025-11-13	ScotiaBank	Maintains	Sector Outperform -> Sector Outperform
2025-11-13	Goldman Sachs	Maintains	Buy -> Buy
2025-11-12	Morgan Stanley	Maintains	Overweight -> Overweight
2025-11-06	BMO Capital	Maintains	Outperform -> Outperform
2025-10-07	JP Morgan	Maintains	Overweight -> Overweight
2025-09-19	BMO Capital	Initiate	Outperform
2025-08-29	Mizuho	Maintains	Outperform -> Outperform
2025-08-14	ScotiaBank	Maintains	Sector Outperform -> Sector Outperform
2025-08-12	RBC Capital	Maintains	Outperform -> Outperform
2025-08-08	Wells Fargo	Maintains	Overweight -> Overweight
2025-07-15	ScotiaBank	Maintains	Sector Outperform -> Sector Outperform
2025-07-15	RBC Capital	Reiterate	Outperform -> Outperform
2025-07-10	Barclays	Maintains	Overweight -> Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date: Apr 29, 2026
Period: Q1 / 2026
EPS Estimate: $2.56
Revenue Estimate: 5.223B
Revenue Q2Q: 14.50%
EPS Q2Q: 180.94%
Number of Analysts: 18

Next Earnings Revisions

Revenue (1 Month)

-10.57%

Revenue (3 Months)

-7.92%

EPS (1 Month)

4.08%

EPS (3 Months)

8.62%

Next Earnings Summary

TRGP is expected to report earnings on 4/29/2026. The consensus EPS estimate for the next earnings is 2.56 USD and the consensus revenue estimate is 5.22B USD.

The next earnings revenue estimate has been revised downward by 7.92% 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

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	16.06B -23.27%	16.381B 2.00%	17.028B 3.95%	22.684B 33.21%	23.987B 5.74%	25.556B 6.54%	23.841B -6.71%	24.612B 3.23%	N/A	N/A
EBITDA YoY % growth	3.956B 40.03%	4.118B 4.11%	4.847B 17.68%	5.623B 16.02%	6.209B 10.42%	6.802B 9.55%	7.215B 6.07%	7.753B 7.46%	8.097B 4.44%	6.749B -16.65%
EBIT YoY % growth	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	16.35%	16.45%	19.56%	16.68%	17.51%	17.78%	18.58%	18.54%	N/A	N/A
EPS YoY % growth	3.70 -5.04%	5.75 55.66%	8.51 47.90%	10.22 20.14%	11.65 13.95%	13.05 12.05%	12.13 -7.09%	N/A	N/A	N/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
EPS Q2Q % growth	2.56 180.94%	2.39 -16.86%	2.50 13.75%	2.73 7.82%	2.78 8.59%	2.65 11.08%	2.93 16.94%	3.20 17.18%	2.89 4.23%	2.89 8.94%	3.18 8.52%
Revenue Q2Q % growth	5.223B 14.50%	5.258B 23.42%	6.021B 45.04%	7.153B 76.38%	7.157B 37.03%	6.867B 30.60%	7.166B 19.02%	7.568B 5.80%	N/A	N/A	N/A
EBITDA Q2Q % growth	1.369B 50.29%	1.351B -23.88%	1.393B -28.99%	1.444B -40.64%	1.466B 7.09%	1.434B 6.14%	1.508B 8.26%	1.579B 9.35%	1.533B 4.57%	1.533B 6.90%	1.612B 6.90%
EBIT Q2Q % growth	936.42M 72.36%	900.22M -12.90%	914.44M 9.27%	1.014B 10.53%	1.013B 8.18%	937.35M 4.12%	983.17M 7.52%	1.11B 9.47%	N/A	N/A	N/A

All data in USD

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

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

15.33%

EPS Next 5 Year

9.26%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

11.79%

Revenue Next 5 Year

6.11%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

26.62%

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)?

29 analysts have analysed TRGP and the average price target is 233.17 USD. This implies a price decrease of -1.79% is expected in the next year compared to the current price of 237.41.

What is the next earnings date for TRGP stock?

TARGA RESOURCES CORP (TRGP) will report earnings on 2026-04-29, before the market open.

Can you provide the consensus estimates for TARGA RESOURCES CORP 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 5.22B USD.

How many analysts cover TARGA RESOURCES CORP (TRGP) stock?

The number of analysts covering TARGA RESOURCES CORP (TRGP) is 29.

Analyst forecast overview

Forecast Snapshot