$136.37
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Targa Resources
TRGPNYSE
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Targa Resources (NYSE:TRGP) Stock, Analyst Ratings, Price Targets, Forecasts
Targa Resources Corp has a consensus price target of $114.7 based on the ratings of 20 analysts. The high is $147 issued by UBS on June 11, 2024. The low is $62 issued by Evercore ISI Group on November 15, 2021. The 3 most-recent analyst ratings were released by Scotiabank, Barclays, and JP Morgan on July 17, 2024, July 3, 2024, and July 2, 2024, respectively. With an average price target of $141.67 between Scotiabank, Barclays, and JP Morgan, there's an implied 3.88% upside for Targa Resources Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Scotiabank
Barclays
JP Morgan
Argus Research
UBS
1calculated from analyst ratings
Analyst Ratings for Targa Resources
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/17/2024 | Buy Now | 4.13% | Scotiabank | Tristan Richardson | $128 → $142 | Maintains | Sector Outperform | Get Alert |
| 07/03/2024 | Buy Now | 1.2% | Barclays | Christine Cho | $123 → $138 | Maintains | Overweight | Get Alert |
| 07/02/2024 | Buy Now | 6.33% | JP Morgan | Jeremy Tonet | $140 → $145 | Maintains | Overweight | Get Alert |
| 06/26/2024 | Buy Now | 2.66% | Argus Research | John Staszak | → $140 | Initiates | → Buy | Get Alert |
| 06/11/2024 | Buy Now | 7.79% | UBS | Shneur Gershuni | $116 → $147 | Maintains | Buy | Get Alert |
| 06/10/2024 | Buy Now | 2.66% | Morgan Stanley | Robert Kad | $134 → $140 | Maintains | Overweight | Get Alert |
| 06/10/2024 | Buy Now | -8.34% | Truist Securities | Neal Dingmann | $120 → $125 | Maintains | Buy | Get Alert |
| 06/07/2024 | Buy Now | 2.66% | JP Morgan | Jeremy Tonet | $130 → $140 | Maintains | Overweight | Get Alert |
| 05/16/2024 | Buy Now | -6.14% | RBC Capital | Elvira Scotto | $123 → $128 | Maintains | Outperform | Get Alert |
| 05/03/2024 | Buy Now | -9.07% | Wells Fargo | Michael Blum | $109 → $124 | Maintains | Overweight | Get Alert |
| 04/16/2024 | Buy Now | -4.67% | Stifel | Selman Akyol | $111 → $130 | Maintains | Buy | Get Alert |
| 04/15/2024 | Buy Now | -6.14% | Scotiabank | Tristan Richardson | $112 → $128 | Maintains | Sector Outperform | Get Alert |
| 04/09/2024 | Buy Now | -10.54% | Barclays | Christine Cho | $116 → $122 | Maintains | Overweight | Get Alert |
| 04/04/2024 | Buy Now | -14.2% | Goldman Sachs | John Mackay | $105 → $117 | Maintains | Buy | Get Alert |
| 04/03/2024 | Buy Now | -4.67% | Mizuho | Gabriel Moreen | $105 → $130 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -12% | Truist Securities | Neal Dingmann | $105 → $120 | Maintains | Buy | Get Alert |
| 03/19/2024 | Buy Now | -14.94% | Barclays | Christine Cho | $105 → $116 | Maintains | Overweight | Get Alert |
| 03/06/2024 | Buy Now | -8.34% | JP Morgan | Jeremy Tonet | $122 → $125 | Maintains | Overweight | Get Alert |
| 02/26/2024 | Buy Now | -20.07% | RBC Capital | Elvira Scotto | $106 → $109 | Maintains | Outperform | Get Alert |
| 02/21/2024 | Buy Now | -17.87% | Citigroup | Spiro Dounis | $104 → $112 | Maintains | Buy | Get Alert |
| 01/18/2024 | Buy Now | -20.8% | UBS | Shneur Gershuni | $109 → $108 | Maintains | Buy | Get Alert |
| 01/17/2024 | Buy Now | -23% | Barclays | Theresa Chen | $94 → $105 | Maintains | Overweight | Get Alert |
| 12/14/2023 | Buy Now | -20.07% | UBS | Shneur Gershuni | $116 → $109 | Maintains | Buy | Get Alert |
| 11/06/2023 | Buy Now | -23% | Truist Securities | Neal Dingmann | $95 → $105 | Maintains | Buy | Get Alert |
| 10/18/2023 | Buy Now | -31.07% | Barclays | Theresa Chen | $89 → $94 | Maintains | Overweight | Get Alert |
| 10/06/2023 | Buy Now | -25.94% | Goldman Sachs | John Mackay | → $101 | Reinstates | → Buy | Get Alert |
| 09/20/2023 | Buy Now | -23% | Mizuho | Gabriel Moreen | $99 → $105 | Maintains | Buy | Get Alert |
| 08/29/2023 | Buy Now | -16.4% | Morgan Stanley | Robert Kad | $106 → $114 | Maintains | Overweight | Get Alert |
| 08/09/2023 | Buy Now | -26.67% | Citigroup | Spiro Dounis | $95 → $100 | Maintains | Buy | Get Alert |
| 08/04/2023 | Buy Now | -20.8% | RBC Capital | TJ Schultz | $104 → $108 | Maintains | Outperform | Get Alert |
| 07/20/2023 | Buy Now | -22.27% | Morgan Stanley | Robert Kad | $108 → $106 | Maintains | Overweight | Get Alert |
| 07/06/2023 | Buy Now | -30.34% | Citigroup | Spiro Dounis | → $95 | Reiterates | Buy → Buy | Get Alert |
| 06/30/2023 | Buy Now | -27.4% | Mizuho | Gabriel Moreen | → $99 | Reiterates | Buy → Buy | Get Alert |
| 06/28/2023 | Buy Now | -30.34% | Truist Securities | Neal Dingmann | → $95 | Reiterates | Buy → Buy | Get Alert |
| 05/19/2023 | Buy Now | -30.34% | Truist Securities | Neal Dingmann | $90 → $95 | Maintains | Buy | Get Alert |
| 05/08/2023 | Buy Now | -34% | Wells Fargo | Michael Blum | $94 → $90 | Maintains | Overweight | Get Alert |
| 05/08/2023 | Buy Now | -23.74% | RBC Capital | TJ Schultz | $110 → $104 | Maintains | Outperform | Get Alert |
| 04/21/2023 | Buy Now | -26.67% | Raymond James | Justin Jenkins | $95 → $100 | Maintains | Strong Buy | Get Alert |
| 04/18/2023 | Buy Now | -32.54% | Barclays | Theresa Chen | $87 → $92 | Maintains | Overweight | Get Alert |
| 04/11/2023 | Buy Now | -27.4% | Mizuho | Gabriel Moreen | $95 → $99 | Maintains | Buy | Get Alert |
| 04/06/2023 | Buy Now | -20.8% | UBS | Shneur Gershuni | $106 → $108 | Maintains | Buy | Get Alert |
| 03/01/2023 | Buy Now | -31.07% | Wells Fargo | Michael Blum | $89 → $94 | Maintains | Overweight | Get Alert |
| 02/28/2023 | Buy Now | -30.34% | Raymond James | Justin Jenkins | $92 → $95 | Maintains | Strong Buy | Get Alert |
| 02/02/2023 | Buy Now | -31.07% | Mizuho | Gabriel Moreen | $92 → $94 | Maintains | Buy | Get Alert |
| 12/15/2022 | Buy Now | -22.27% | UBS | Shneur Gershuni | $107 → $106 | Maintains | Buy | Get Alert |
| 12/09/2022 | Buy Now | -30.34% | Citigroup | Spiro Dounis | → $95 | Initiates | → Buy | Get Alert |
| 11/29/2022 | Buy Now | -34% | Truist Securities | Neal Dingmann | $85 → $90 | Maintains | Buy | Get Alert |
| 11/08/2022 | Buy Now | -32.54% | Mizuho | Gabriel Moreen | $91 → $92 | Maintains | Buy | Get Alert |
| 10/19/2022 | Buy Now | -20.8% | Morgan Stanley | Robert Kad | $105 → $108 | Maintains | Overweight | Get Alert |
| 08/09/2022 | Buy Now | -33.27% | Mizuho | Gabriel Moreen | $87 → $91 | Maintains | Buy | Get Alert |
| 07/20/2022 | Buy Now | -23% | Morgan Stanley | Robert Kad | $103 → $105 | Maintains | Overweight | Get Alert |
| 07/20/2022 | Buy Now | -36.2% | Barclays | Theresa Chen | $92 → $87 | Maintains | Overweight | Get Alert |
| 07/12/2022 | Buy Now | -26.67% | RBC Capital | TJ Schultz | $90 → $100 | Maintains | Outperform | Get Alert |
| 05/20/2022 | Buy Now | -39.14% | Wells Fargo | Michael Blum | $86 → $83 | Maintains | Overweight | Get Alert |
| 05/02/2022 | Buy Now | -42.8% | Truist Securities | Neal Dingmann | → $78 | Assumes | → Buy | Get Alert |
| 04/28/2022 | Buy Now | -36.94% | Wells Fargo | Michael Blum | $82 → $86 | Maintains | Overweight | Get Alert |
| 04/26/2022 | Buy Now | -24.47% | Morgan Stanley | Robert Kad | $74 → $103 | Maintains | Overweight | Get Alert |
| 04/20/2022 | Buy Now | -32.54% | Raymond James | Justin Jenkins | $80 → $92 | Maintains | Strong Buy | Get Alert |
| 03/18/2022 | Buy Now | -37.67% | Mizuho | Gabriel Moreen | $58 → $85 | Upgrade | Neutral → Buy | Get Alert |
| 02/25/2022 | Buy Now | -41.34% | Raymond James | Justin Jenkins | $70 → $80 | Maintains | Strong Buy | Get Alert |
| 01/24/2022 | Buy Now | -48.67% | Raymond James | Justin Jenkins | $67 → $70 | Maintains | Strong Buy | Get Alert |
| 01/20/2022 | Buy Now | -47.2% | Barclays | Theresa Chen | $66 → $72 | Maintains | Overweight | Get Alert |
| 01/18/2022 | Buy Now | -47.2% | B of A Securities | Chase Mulvehill | $73 → $72 | Maintains | Buy | Get Alert |
| 12/16/2021 | Buy Now | -49.4% | Wells Fargo | Michael Blum | — | Maintains | Overweight | Get Alert |
| 11/15/2021 | Buy Now | -54.54% | Evercore ISI Group | Stephen Richardson | — | Upgrade | In-Line → Outperform | Get Alert |
| 11/10/2021 | Buy Now | -53.07% | Credit Suisse | Spiro Dounis | — | Maintains | Outperform | Get Alert |
| 11/09/2021 | Buy Now | -49.4% | RBC Capital | TJ Schultz | — | Maintains | Outperform | Get Alert |
| 11/08/2021 | Buy Now | -52.34% | Truist Securities | Tristan Richardson | — | Maintains | Buy | Get Alert |
| 11/05/2021 | Buy Now | -50.87% | Raymond James | Justin Jenkins | — | Maintains | Strong Buy | Get Alert |
| 10/18/2021 | Buy Now | -52.34% | Raymond James | Justin Jenkins | — | Maintains | Strong Buy | Get Alert |
| 08/10/2021 | Buy Now | -61.87% | Credit Suisse | Spiro Dounis | — | Maintains | Outperform | Get Alert |
| 08/09/2021 | Buy Now | -65.53% | Mizuho | Gabriel Moreen | — | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Targa Resources (TRGP) stock?
The latest price target for Targa Resources (NYSE:TRGP) was reported by Scotiabank on July 17, 2024. The analyst firm set a price target for $142.00 expecting TRGP to rise to within 12 months (a possible 4.13% upside). 30 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Targa Resources (TRGP)?
The latest analyst rating for Targa Resources (NYSE:TRGP) was provided by Scotiabank, and Targa Resources maintained their sector outperform rating.
When was the last upgrade for Targa Resources (TRGP)?
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.
When was the last downgrade for Targa Resources (TRGP)?
There is no last downgrade for Targa Resources.
When is the next analyst rating going to be posted or updated for Targa Resources (TRGP)?
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 July 17, 2024 so you should expect the next rating to be made available sometime around July 17, 2025.
Is the Analyst Rating Targa Resources (TRGP) correct?
While ratings are subjective and will change, the latest Targa Resources (TRGP) rating was a maintained with a price target of $128.00 to $142.00. The current price Targa Resources (TRGP) is trading at is $136.37, which is within the analyst’s predicted range.
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