On May 20, 2025, Scotiabank analyst Brandon Bingham maintained his rating for Targa Resources (TRGP, Financial) as "Sector Outperform." However, Bingham lowered the price target for the stock from $199.00 to $193.00 USD. This adjustment represents a 3.02% decrease from the previous price target.
Despite the reduction in the price target, the current rating of "Sector Outperform" remains unchanged, indicating continued confidence in Targa Resources (TRGP, Financial) within its sector. Investors may consider this updated information when evaluating TRGP's prospects in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Targa Resources Corp (TRGP, Financial) is $205.77 with a high estimate of $244.00 and a low estimate of $159.30. The average target implies an upside of 24.99% from the current price of $164.63. More detailed estimate data can be found on the Targa Resources Corp (TRGP) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Targa Resources Corp's (TRGP, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Targa Resources Corp (TRGP, Financial) in one year is $120.11, suggesting a downside of 27.04% from the current price of $164.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Targa Resources Corp (TRGP) Summary page.
