Targa Resources Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Targa Resources stock have an average target of 211.79, with a low estimate of 188 and a high estimate of 261. The average target predicts an increase of 17.18% from the current stock price of 180.74.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$188	$211.79	$207	$261
Change	+4.02%	+17.18%	+14.53%	+44.41%

Analyst Ratings

The average analyst rating for Targa Resources stock from 14 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	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	7	7	7	7	5	4
Buy	10	9	10	10	10	10
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	17	16	17	17	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Elvira Scotto RBC Capital	RBC Capital	Buy Maintains $213 → $218	Buy	Maintains	$213 → $218	+20.62%	Dec 3, 2025
Elvira Scotto RBC Capital	RBC Capital	Buy Maintains $208 → $213	Buy	Maintains	$208 → $213	+17.85%	Nov 18, 2025
Brandon Bingham Scotiabank	Scotiabank	Buy Maintains $199 → $198	Buy	Maintains	$199 → $198	+9.55%	Nov 13, 2025
John Mackay Goldman Sachs	Goldman Sachs	Strong Buy Maintains $189 → $188	Strong Buy	Maintains	$189 → $188	+4.02%	Nov 13, 2025
Robert Kad Morgan Stanley	Morgan Stanley	Buy Maintains $240 → $261	Buy	Maintains	$240 → $261	+44.41%	Nov 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.47B

from 16.38B

12.72%

from 16.38B

Revenue Next Year

24.27B

from 18.47B

31.42%

from 18.47B

EPS This Year

8.57

from 5.74

49.31%

from 5.74

EPS Next Year

9.93

from 8.57

15.83%

from 8.57

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	8.26B	16.95B	20.93B	16.06B	16.38B	18.47B	24.27B
Revenue Growth	-4.74%	105.20%	23.48%	-23.27%	2.00%	12.72%	31.42%
EPS	-7.26	-0.07	3.88	3.66	5.74	8.57	9.93
EPS Growth	-	-	-	-5.67%	56.83%	49.31%	15.83%
Forward PE	-	-	-	-	-	21.09	18.21
No. Analysts	-	-	-	-	-	21	21

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

Revenue Forecast

Revenue	2025	2026
High	20.0B	31.2B
Avg	18.5B	24.3B
Low	17.2B	19.2B

Revenue Growth

Revenue Growth	2025	2026
High	22.4%	69.2%
Avg	12.7%	31.4%
Low	5.2%	4.0%

EPS Forecast

EPS	2025	2026
High	10.08	12.18
Avg	8.57	9.93
Low	6.02	8.13

EPS Growth

EPS Growth	2025	2026
High	75.6%	42.1%
Avg	49.3%	15.8%
Low	4.8%	-5.1%

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.