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Targa Resources Corp has a consensus price target of $163.11 based on the ratings of 19 analysts. The high is $246 issued by UBS on November 15, 2024. The low is $72 issued by B of A Securities on January 18, 2022. The 3 most-recent analyst ratings were released by Goldman Sachs, Wells Fargo, and Truist Securities on December 19, 2024, December 18, 2024, and December 13, 2024, respectively. With an average price target of $215.67 between Goldman Sachs, Wells Fargo, and Truist Securities, there's an implied 21.16% upside for Targa Resources Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Targa Resources (NYSE:TRGP) was reported by Goldman Sachs on December 19, 2024. The analyst firm set a price target for $223.00 expecting TRGP to rise to within 12 months (a possible 25.28% upside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Targa Resources (NYSE:TRGP) was provided by Goldman Sachs, and Targa Resources maintained their buy rating.
The last upgrade for Targa Resources Corp happened on March 18, 2022 when Mizuho raised their price target to $85. Mizuho previously had a neutral for Targa Resources Corp.
There is no last downgrade for Targa Resources.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Targa Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Targa Resources was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.
While ratings are subjective and will change, the latest Targa Resources (TRGP) rating was a maintained with a price target of $185.00 to $223.00. The current price Targa Resources (TRGP) is trading at is $178.00, which is out of the analyst’s predicted range.
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