
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is poised for long-term growth due to its strong position in the Permian, Scoop, Stack, and Bakken plays, significant investments in new projects, and a large and well-capitalized customer base. The company's 2026/2027/2028 Adj. EBITDA is projected to be $5.983 billion/$6.432 billion/$7.498 billion with a 5-year CAGR of ~12%, and its recent management changes and investments in sustainability showcase its commitment to continued success. However, potential risks including lower commodity prices and execution on new projects should be monitored.
Bears say
Targa Resources is facing challenges that could potentially impact its earnings and stock value in the future. With a focus on gathering and processing fossil fuels, the company is under public scrutiny for its contribution to climate change. Additionally, changes in government energy policy and stricter environmental regulations could pose risks to the company's operations and cash flows. With potential challenges in volume risk, counterparty risk, and commodity prices, the company's stock outlook is negative.
This aggregate rating is based on analysts' research of Targa Resources and is not a guaranteed prediction by Public.com or investment advice.
Targa Resources (TRGP) Analyst Forecast & Price Prediction
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