TRGP Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

4.09B

-7.26%

2.298

+59.58%

4.22B

-7.43%

2.350

+158.25%

4.16B

-2.24%

2.208

-23.08%

Estimates Revision

The market is revising Downward the revenue expectations for Targa Resources Corp. (TRGP) for FY2025, with the revenue forecasts being adjusted by -10.01% over the past three months. During the same period, the stock price has changed by 9.58%.

Revenue Estimates for FY2025

Revise Downward

-10.01%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.71%

In Past 3 Month

Stock Price

Go Up

+9.58%

In Past 3 Month

13 Analyst Rating

Wall Street analysts forecast TRGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRGP is 207.92 USD with a low forecast of 188.00 USD and a high forecast of 261.00 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.

12 Buy

1 Hold

0 Sell

Strong Buy

Current: 0.000

Low

188.00

Averages

207.92

High

261.00

Current: 0.000

Low

188.00

Averages

207.92

High

261.00

Wells Fargo

Overweight

maintain

$205 -> $207

2025-12-18

Reason

Wells Fargo

Price Target

$205 -> $207

2025-12-18

maintain

Overweight

Reason

Wells Fargo raised the firm's price target on Targa Resources to $207 from $205 and keeps an Overweight rating on the shares. The firm notes the company announced the bolt-on acquisitions of Stakeholder & Dovetail for $1.36B, further enhancing its leading Permian G&P and sour gas capabilities. Wells estimates the deals are about 72c/share accretive to 2026 free cash flow based on a 6-times multiple.

Scotiabank

Outperform

maintain

$198 -> $199

2025-12-17

Reason

Scotiabank

Price Target

$198 -> $199

2025-12-17

maintain

Outperform

Reason

Scotiabank raised the firm's price target on Targa Resources to $199 from $198 and keeps an Outperform rating on the shares. The firm reiterates Targa Resources as a Top Pick in the U.S. Midstream sector, seeing potential for better-than-expected y/y growth volumes, the analyst tells investors. Overall, the firm sees Targa Resources as best positioned for relative success.

RBC Capital

Elvira Scotto

Outperform

maintain

$213 -> $218

2025-12-03

Reason

RBC Capital

Elvira Scotto

Price Target

$213 -> $218

2025-12-03

maintain

Outperform

Reason

RBC Capital analyst Elvira Scotto raised the firm's price target on Targa Resources to $218 from $213 and keeps an Outperform rating on the shares. The firm is updating its model following the company's planned bolt-on acquisition of Stakeholder Midstream, the analyst tells investors in a research note. RBC adds that it views the transaction favorably given the attractive acquisition multiple that meets Targa's high return threshold for acquisitions, complementary assets, and stable to modestly growing volumes.

RBC Capital

Outperform

maintain

$208 -> $213

2025-11-18

Reason

RBC Capital

Price Target

$208 -> $213

2025-11-18

maintain

Outperform

Reason

RBC Capital raised the firm's price target on Targa Resources to $213 from $208 and keeps an Outperform rating on the shares. Targa reported strong Q3 results and expects to be at the high end of its 2025 adjusted EBITDA guidance range, which could prove conservative, the analyst tells investors in a research note.

Goldman Sachs

John Mackay

Buy

downgrade

$189 -> $188

2025-11-13

Reason

Goldman Sachs

John Mackay

Price Target

$189 -> $188

2025-11-13

downgrade

Buy

Reason

Goldman Sachs analyst John Mackay lowered the firm's price target on Targa Resources to $188 from $189 and keeps a Buy rating on the shares. The quarter was better than expected, with management highlighting strong conviction on continued growth with Q3 Permian volumes as in-line to slightly above initial expectations, the analyst tells investors in a research note. Despite a softer macro backdrop into 2026, Goldman sees Targa as better positioned vs. peers to capture growth given its higher quality acreage dedication exposure and recent commercial success.

Scotiabank

Outperform -> NULL

downgrade

$199 -> $198

2025-11-13

Reason

Scotiabank

Price Target

$199 -> $198

2025-11-13

downgrade

Outperform -> NULL

Reason

Scotiabank lowered the firm's price target on Targa Resources to $198 from $199 and keeps an Outperform rating on the shares. The company is updating its price targets for U.S. Midstream stocks under its coverage, the analyst tells investors. The firm notes Q3 earnings highlighted the natural hedge provided by diversification and scale, as companies with multiple business lines, multi-basin exposure, or having the largest footprint within a basin mitigated the impacts of an uncertain macro and volatile/declining commodity prices.

Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 20.51, compared to its 5-year average forward P/E of 17.79. For a more detailed relative valuation and DCF analysis to assess Targa Resources Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

17.79

Current PE

20.51

Overvalued PE

21.88

Undervalued PE

13.70

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

9.73

Current EV/EBITDA

11.05

Overvalued EV/EBITDA

11.13

Undervalued EV/EBITDA

8.33

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

1.14

Current PS

2.38

Overvalued PS

1.70

Undervalued PS

0.59

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

TRGP News & Events

Events Timeline

No data

News

2.0

01-06Barron's

Venezuela News Causes Decline in Some Oil Stocks, Presenting Potential Buying Opportunities.

2.0

01-06Barron's

Oil Stocks Rise on Venezuela Developments: 6 Underperformers That Could Be Stronger Investments.

8.5

2025-12-01WSJ

Targa Resources to Purchase Stakeholder Midstream for $1.25 Billion

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Frequently Asked Questions

What is Targa Resources Corp (TRGP) stock price today?

The current price of TRGP is 176.76 USD — it has increased 1.27 % in the last trading day.

What is Targa Resources Corp (TRGP)'s business?

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.

What is the price predicton of TRGP Stock?

What is Targa Resources Corp (TRGP)'s revenue for the last quarter?

Targa Resources Corp revenue for the last quarter amounts to 4.20B USD, increased 8.13 % YoY.

What is Targa Resources Corp (TRGP)'s earnings per share (EPS) for the last quarter?

Targa Resources Corp. EPS for the last quarter amounts to 2.20 USD, increased 25.71 % YoY.

What changes have occurred in the market's expectations for Targa Resources Corp (TRGP)'s fundamentals?

How many employees does Targa Resources Corp (TRGP). have?

Targa Resources Corp (TRGP) has 3370 emplpoyees as of January 09 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 37.94B USD.