ETF Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.66 per unit, while it is currently trading at approximately $35.58, indicating an expected upside of 11.46%.
Underlying Holdings Performance: Key holdings within TPYP, including Energy Transfer LP (ET), Plains All American Pipeline LP (PAA), and Plains GP Holdings LP (PAGP), show significant potential for growth based on analysts' target prices.
Analyst Target Comparisons: ET's average target price is $22.87, suggesting a 30.96% increase from its current price of $17.46; PAA has a target of $21.13 (20.21% upside), and PAGP's target is $21.25 (12.34% upside).
Investor Considerations: Questions arise regarding the validity of these analyst targets, prompting further research into whether they reflect realistic expectations or if they may be overly optimistic given recent market developments.
Wall Street analysts forecast PAGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAGP is 20.42 USD with a low forecast of 16.50 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast PAGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAGP is 20.42 USD with a low forecast of 16.50 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
3 Hold
1 Sell
Hold
Current: 20.320
Low
16.50
Averages
20.42
High
23.00
Current: 20.320
Low
16.50
Averages
20.42
High
23.00
Morgan Stanley
Equal Weight
maintain
$20 -> $22
2025-11-25
Reason
Morgan Stanley
Price Target
$20 -> $22
AI Analysis
2025-11-25
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Plains GP Holdings to $22 from $20 and keeps an Equal Weight rating on the shares. AI scrutiny has influenced recent broader market direction, but midstream and renewable infrastructure stocks offer contracted cash flow protection, the analyst argues in the firm's latest "Infrastructure Weekly."
Raymond James
Justin Jenkins
Strong Buy
downgrade
$24 -> $22
2025-10-24
Reason
Raymond James
Justin Jenkins
Price Target
$24 -> $22
2025-10-24
downgrade
Strong Buy
Reason
Raymond James analyst Justin Jenkins lowered the firm's price target on Plains GP Holdings to $22 from $24 and keeps a Strong Buy rating on the shares. The firm adjusted targets in the midstream suppliers group ahead of the Q3 reports. Midstream is showing "stability" for investors as strong diesel margins and a consensus view that oil markets are oversupplied have pushed refiners to the center of generalist attention in the energy sector, the analyst tells investors in a research note. Raymond James does not major changes to the group's 2025 outlooks.
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JPMorgan
Jeremy Tonet
Neutral
downgrade
$21 -> $20
2025-09-18
Reason
JPMorgan
Jeremy Tonet
Price Target
$21 -> $20
2025-09-18
downgrade
Neutral
Reason
JPMorgan analyst Jeremy Tonet lowered the firm's price target on Plains GP Holdings to $20 from $21 and keeps a Neutral rating on the shares. The firm updated the company's model.
Morgan Stanley
Robert Kad
Equal Weight
downgrade
$22 -> $20
2025-08-26
Reason
Morgan Stanley
Robert Kad
Price Target
$22 -> $20
2025-08-26
downgrade
Equal Weight
Reason
Morgan Stanley analyst Robert Kad lowered the firm's price target on Plains GP Holdings to $20 from $22 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. A potential September Fed rate cut could be a short-term catalyst for midstream stocks still enduring the effects of commodity market uncertainty and may be a durable catalyst for renewable infrastructure still recovering from policy changes, the firm adds.
About PAGP
Plains GP Holdings, L.P. through Plains All American Pipeline, L.P. (PAA), owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). The Company operates through two segments: Crude Oil and NGL. The Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines (including gathering systems), trucks, and at times on barges or railcars, in addition to providing terminalling, storage and other related services utilizing its integrated assets across the United States and Canada. The NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. The NGL segment is engaged in providing gathering, fractionation, storage, and/or terminalling services to third-party customers, extracting NGL mix from the gas stream processed at its Empress straddle plant facility as well as acquiring NGL mix.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
