63/100BTarga Resources stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Targa Resources is 328.00, 10.9% above the current price of 295.76. Their targets range from 294.00 to 359.00.
Of the 16 firms that rated Targa Resources in the past 12 months, 15 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 294.00 to 359.00, with an average of 328.00.
| Buy | 15 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 359.00 |
| Average target | 328.00 |
| Lowest target | 294.00 |
| Current price | 295.76 |
Targa Resources price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Targa Resources price target and rating?
How analysts rate Targa Resources, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
15 of 16 firms rate it buy now, against 12 of 12 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Targa Resources analyst upgrades, downgrades and price targets
The latest rating change came on 18 September 2026, when TD Cowen upgraded Targa Resources from Hold to Buy. The most recent new target came from Jefferies on 6 November 2026: 311.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 6 Nov 2026 | Jefferies Julien Dumoulin-Smith | Reiterated · Buy | 326.00 → 311.00 | -4.6% | 264.58 |
| 5 Nov 2026 | Raymond James | — | 340.00 → 344.00 | +1.2% | 271.82 |
| 21 Oct 2026 | BMO Capital | Reiterated · Outperform | 241.00 → 328.00 | +36.1% | 296.74 |
| 20 Oct 2026 | Raymond James | — | 335.00 → 340.00 | +1.5% | 295.22 |
| 15 Oct 2026 | Scotiabank | — | 314.00 → 319.00 | +1.6% | 282.96 |
| 15 Oct 2026 | Jefferies Julien Dumoulin-Smith | — | 345.00 → 326.00 | -5.5% | 280.56 |
| 13 Oct 2026 | Goldman Sachs John Mackay | — | 268.00 → 322.00 | +20.1% | 293.04 |
| 9 Oct 2026 | Stifel Nicolaus | — | 268.00 → 335.00 | +25.0% | 288.49 |
| 8 Oct 2026 | Barclays | Reiterated · Overweight | 284.00 → 294.00 | +3.5% | 283.96 |
| 21 Sept 2026 | Truist Financial | Reiterated · Buy | 289.00 → 345.00 | +19.4% | 292.19 |
| 18 Sept 2026 | TD Cowen | Upgraded · Hold → Buy | — | — | — |
| 16 Sept 2026 | Morgan Stanley | Reiterated · Overweight | 343.00 → 359.00 | +4.7% | 285.64 |
| 11 Sept 2026 | Mizuho Securities Gabriel Moreen | Reiterated · Outperform | 300.00 → 320.00 | +6.7% | 289.22 |
| 10 Sept 2026 | Scotiabank Brandon Bingham | Reiterated · Sector Outperform | 257.00 → 314.00 | +22.2% | 292.36 |
| 2 Sept 2026 | Wells Fargo Praneeth Satish | Reiterated · Overweight | 270.00 → 324.00 | +20.0% | 296.06 |
| 27 Aug 2026 | RBC Capital Elvira Scotto | Reiterated · Outperform | 312.00 → 338.00 | +8.3% | 291.12 |
| 18 Aug 2026 | Morgan Stanley Robert Kad | Reiterated · Overweight | 333.00 → 343.00 | +3.0% | 295.96 |
| 18 Aug 2026 | Jefferies Julien Dumoulin-Smith | Reiterated · Buy | 324.00 → 345.00 | +6.5% | 277.94 |
| 11 Aug 2026 | RBC Capital | Reiterated · Outperform | 310.00 → 312.00 | +0.6% | 266.21 |
| 7 Aug 2026 | Raymond James | — | 335.00 | — | 261.18 |
| 7 Aug 2026 | Jefferies | — | 350.00 → 324.00 | -7.4% | 268.23 |
| 7 Aug 2026 | Barclays | Reiterated · Overweight | 282.00 → 284.00 | +0.7% | 268.23 |
| 7 Aug 2026 | Wolfe Research | — | 335.00 | — | 268.23 |
| 7 Aug 2026 | Jefferies | — | 314.00 → 350.00 | +11.5% | 268.23 |
| 21 Jul 2026 | Morgan Stanley | — | 331.00 → 333.00 | +0.6% | 279.69 |
| 21 Jul 2026 | RBC Capital | — | 281.00 → 310.00 | +10.3% | 282.35 |
| 13 Jul 2026 | Barclays Theresa Chen | Reiterated · Overweight | 270.00 → 282.00 | +4.4% | 273.35 |
| 9 Jul 2026 | UBS Manav Gupta | — | 228.00 → 318.00 | +39.5% | 277.58 |
| 23 Jun 2026 | Barclays | Reiterated · Overweight | 262.00 → 270.00 | +3.1% | 264.51 |
| 18 Jun 2026 | Jefferies Julien Dumoulin-Smith | — | 314.00 | — | 260.74 |
| 27 May 2026 | Mizuho Securities Gabriel Moreen | Reiterated · Outperform | 207.00 → 300.00 | +44.9% | 269.89 |
| 14 May 2026 | Barclays Theresa Chen | Reiterated · Overweight | 226.00 → 262.00 | +15.9% | 263.29 |
| 12 May 2026 | RBC Capital | — | 218.00 → 281.00 | +28.9% | 253.72 |
| 12 May 2026 | Morgan Stanley | Reiterated · Overweight | 266.00 → 331.00 | +24.4% | 254.27 |
| 12 May 2026 | Scotiabank | Reiterated · Sector Outperform | 249.00 → 257.00 | +3.2% | 253.18 |
| 12 May 2026 | Truist Financial | Reiterated · Buy | 289.00 | — | 253.18 |
| 8 May 2026 | Stifel Nicolaus | — | 243.00 → 268.00 | +10.3% | 252.44 |
| 8 May 2026 | Wells Fargo | Reiterated · Overweight | 207.00 → 270.00 | +30.4% | 252.44 |
| 4 May 2026 | Seaport Global | Downgraded · Buy → Neutral | — | — | — |
| 20 Apr 2026 | Goldman Sachs John Mackay | Reiterated · Buy | 242.00 → 268.00 | +10.7% | 235.50 |
| 13 Apr 2026 | Scotiabank | Reiterated · Sector Outperform | 246.00 → 249.00 | +1.2% | 243.75 |
| 24 Feb 2026 | Scotiabank Holly Stewart | Reiterated · Sector Outperform | 224.00 → 246.00 | +9.8% | 229.47 |
| 20 Feb 2026 | Goldman Sachs | — | 196.00 → 242.00 | +23.5% | 231.35 |
| 20 Feb 2026 | BMO Capital Ameet Thakkar | — | 241.00 | — | 227.92 |
| 20 Feb 2026 | Stifel Nicolaus Selman Akyol | Reiterated · Buy | 213.00 → 243.00 | +14.1% | 224.16 |
| 20 Feb 2026 | Barclays | — | 226.00 | — | 224.16 |
| 18 Feb 2026 | Seaport Global | — | 231.00 | — | 228.59 |
| 28 Jan 2026 | Morgan Stanley | — | 244.00 → 266.00 | +9.0% | 199.96 |
| 16 Jan 2026 | Scotiabank | — | 199.00 → 224.00 | +12.6% | 182.73 |
| 12 Jan 2026 | Goldman Sachs John Mackey | — | 196.00 | — | 176.86 |
Targa Resources EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Targa Resources's EPS to grow 21.1% a year until 2028.
Analysts expect Targa Resources's revenue to grow 15.8% a year until 2028. Over the last 5 years it grew 15.7% a year, and over the last 3 years it fell 7.5%.
Revenue
EPS
Does Targa Resources beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 19.2% off the result, either way, and their revenue estimate 10.7%, over the last 12 quarters.
- EPS beats
- 28 / 64
- Revenue beats
- 33 / 64
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +0.9%
- Since
- February 2011
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 5 Nov 2026 | 2.74 | 3.04 | +10.9% | 4.77B | 5.60B | +17.4% |
| Q2 FY2026 | 6 Aug 2026 | 2.83 | 3.54 | +25.1% | 4.90B | 4.44B | -9.3% |
| Q1 FY2026 | 7 May 2026 | 2.48 | 2.21 | -10.9% | 4.68B | 4.09B | -12.4% |
| Q4 FY2025 | 19 Feb 2026 | 2.30 | 2.51 | +9.1% | 4.73B | 4.06B | -14.3% |
| Q3 FY2025 | 5 Nov 2025 | 2.11 | 2.20 | +4.3% | 4.56B | 4.20B | -7.9% |
| Q2 FY2025 | 7 Aug 2025 | 1.86 | 2.87 | +54.3% | 4.89B | 4.03B | -17.6% |
| Q1 FY2025 | 1 May 2025 | 1.98 | 0.91 | -54.0% | 4.90B | 4.56B | -6.9% |
| Q4 FY2024 | 20 Feb 2025 | 1.92 | 1.44 | -25.0% | 4.48B | 4.41B | -1.6% |
| Q3 FY2024 | 5 Nov 2024 | 1.56 | 1.75 | +12.2% | 4.06B | 3.85B | -5.1% |
| Q2 FY2024 | 1 Aug 2024 | 1.27 | 1.33 | +4.7% | 4.47B | 3.62B | -19.1% |
| Q1 FY2024 | 2 May 2024 | 1.30 | 1.22 | -6.2% | 4.30B | 4.60B | +6.9% |
| Q4 FY2023 | 15 Feb 2024 | 1.46 | 1.26 | -13.7% | 3.85B | 4.23B | +9.9% |
Targa Resources stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Targa Resources's earnings grow at the 21.2% a year analysts expect to FY2028, then 15.0% a year, it would earn about 19.99 a share in FY2030. At the P/E it has traded at over the last five years (18.6 to 30.9) that is 371.91 to 618.31 a share, or 482.49 at its average P/E of 24.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 11.61 | 216.12 | 280.38 | 359.30 |
| FY2027 | 12.57 | 233.81 | 303.33 | 388.72 |
| FY2028 | 15.11 | 281.22 | 364.83 | 467.53 |
| FY2029 (extrapolated) | 17.38 | 323.40 | 419.56 | 537.66 |
| FY2030 (extrapolated) | 19.99 | 371.91 | 482.49 | 618.31 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (18.6, 24.1, 30.9).
Is Targa Resources stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Targa Resources's P/E of 26.0 is below the middle of its 5-year range (20.9 to 40.7, median 28.1). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Fair value is not a reliable guide for Targa Resources: it made a loss in FY2021, so its usual P/E says little about what it is worth. Its forward P/E, on the consensus for FY2026, is 25.5.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 26.01
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 28.13
- Five-year P/E range
- 20.9 – 40.7
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 25.46
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.23
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +10.9%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.