Targa Resources Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Targa Resources stock have an average target of 232.38, with a low estimate of 188 and a high estimate of 298. The average target predicts a decrease of -4.78% from the current stock price of 244.04.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$188	$232.38	$235	$298
Change	-22.96%	-4.78%	-3.70%	+22.11%

Analyst Ratings

The average analyst rating for Targa Resources stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	7	5	4	4	5	5
Buy	10	10	10	10	8	8
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	17	15	14	14	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Kad Morgan Stanley	Morgan Stanley	Buy Maintains $266 → $298	Buy	Maintains	$266 → $298	+22.11%	Mar 3, 2026
Elvira Scotto RBC Capital	RBC Capital	Buy Maintains $218 → $260	Buy	Maintains	$218 → $260	+6.54%	Feb 27, 2026
Spiro Dounis Citigroup	Citigroup	Strong Buy Maintains $200 → $262	Strong Buy	Maintains	$200 → $262	+7.36%	Feb 24, 2026
Brandon Bingham Scotiabank	Scotiabank	Buy Maintains $224 → $246	Buy	Maintains	$224 → $246	+0.80%	Feb 24, 2026
Michael Blum Wells Fargo	Wells Fargo	Buy Maintains $207 → $248	Buy	Maintains	$207 → $248	+1.62%	Feb 20, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

22.96B

from 17.03B

34.85%

from 17.03B

Revenue Next Year

23.11B

from 22.96B

0.65%

from 22.96B

EPS This Year

10.22

from 8.49

20.42%

from 8.49

EPS Next Year

11.65

from 10.22

13.95%

from 10.22

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	16.95B	20.93B	16.06B	16.38B	17.03B	22.96B	23.11B
Revenue Growth	105.20%	23.48%	-23.27%	2.00%	3.95%	34.85%	0.65%
EPS	-0.07	3.88	3.66	5.74	8.49	10.22	11.65
EPS Growth	-	-	-5.67%	56.83%	47.91%	20.42%	13.95%
Forward PE	-	-	-	-	-	23.87	20.95
No. Analysts	-	-	-	-	-	21	20

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	31.2B	25.4B
Avg	23.0B	23.1B
Low	19.4B	21.1B

Revenue Growth

Revenue Growth	2026	2027
High	83.5%	10.5%
Avg	34.9%	0.7%
Low	14.2%	-8.1%

EPS Forecast

EPS	2026	2027
High	11.35	13.30
Avg	10.22	11.65
Low	8.59	9.56

EPS Growth

EPS Growth	2026	2027
High	33.7%	30.1%
Avg	20.4%	14.0%
Low	1.2%	-6.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.