On July 15, 2025, RBC Capital, led by analyst Elvira Scotto, reiterated its "Outperform" rating for Targa Resources (TRGP, Financial). This reinforces the firm's optimistic outlook on the company's future performance. The stock's rating has remained consistent, with no changes from the previous assessment.
Furthermore, the price target for Targa Resources (TRGP, Financial) remains steady at $205.00. RBC Capital has not adjusted their price target from its prior value, indicating sustained confidence in the company's valuation. The stock's price target is denominated in USD and shows no percentage change from the previous set target.
Investors can interpret the reiterated "Outperform" rating as a positive signal, suggesting that Targa Resources (TRGP, Financial) is expected to exceed average market performance. At present, the company continues to hold a solid position within the industry, according to RBC Capital's analysis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Targa Resources Corp (TRGP, Financial) is $204.99 with a high estimate of $244.00 and a low estimate of $158.44. The average target implies an upside of 19.63% from the current price of $171.36. More detailed estimate data can be found on the Targa Resources Corp (TRGP) Forecast page.
Based on the consensus recommendation from 23 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 $121.25, suggesting a downside of 29.24% from the current price of $171.355. 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.
