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Targa Resources Analyst Ratings

TRGPNYSE
Logo brought to you by Benzinga Data
$182.31
-0.88-0.48%
At close: Dec 15, 4:00 PM EST
$182.31
N/A
After Hours: 4:59 PM EST
Consensus Rating1
Buy
Highest Price Target1
$261.00
Lowest Price Target1
$100.00
Consensus Price Target1
$192.14

Targa Resources Analyst Ratings and Price Targets | NYSE:TRGP | Benzinga

Targa Resources Corp has a consensus price target of $192.14 based on the ratings of 21 analysts. The high is $261 issued by Morgan Stanley on November 12, 2025. The low is $100 issued by Raymond James on April 21, 2023. The 3 most-recent analyst ratings were released by RBC Capital, RBC Capital, and Scotiabank on December 3, 2025, November 18, 2025, and November 13, 2025, respectively. With an average price target of $209.67 between RBC Capital, RBC Capital, and Scotiabank, there's an implied 15.01% upside for Targa Resources Corp from these most-recent analyst ratings.

Analyst Trends and Forecast

3
Aug
1
Sep
1
Oct
4
Nov
1
Dec
Buy
Hold
Sell
Strong Sell

Analyst Rating and Forecast

12345
3.7
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

RBC Capital
Scotiabank
Goldman Sachs
Morgan Stanley
BMO Capital

1calculated from analyst ratings

Analyst Ratings for Targa Resources

Get Alert
Dec 3, 2025
19.58%
213
218
Previous
Outperform
Current
Outperform
Get Alert
Nov 18, 2025
16.83%
208
213
Previous
Outperform
Current
Outperform
Get Alert
Nov 13, 2025
8.61%
198
199
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Nov 13, 2025
3.12%
188
189
Previous
Buy
Current
Buy
Get Alert
Nov 12, 2025
43.16%
240
261
Previous
Overweight
Current
Overweight
Get Alert
Nov 6, 2025
7.51%
185
196
Previous
Outperform
Current
Outperform
Get Alert
Oct 7, 2025
17.93%
214
215
Previous
Overweight
Current
Overweight
Get Alert
Sep 19, 2025
1.48%
185
Previous
Initiates
Current
Outperform
Get Alert
Aug 29, 2025
13.54%
207
212
Previous
Outperform
Current
Outperform
Get Alert
Aug 14, 2025
11.9%
201
204
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Aug 12, 2025
14.09%
205
208
Previous
Outperform
Current
Outperform
Get Alert
Aug 8, 2025
12.45%
198
205
Previous
Overweight
Current
Overweight
Get Alert
Jul 15, 2025
10.25%
197
201
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Jul 15, 2025
12.45%
205
205
Previous
Outperform
Current
Outperform
Get Alert
Jul 10, 2025
6.96%
178
195
Previous
Overweight
Current
Overweight
Get Alert
Jul 10, 2025
14.64%
189
209
Previous
Overweight
Current
Overweight
Get Alert
Jun 26, 2025
12.45%
191
205
Previous
Outperform
Current
Outperform
Get Alert
Jun 5, 2025
8.06%
193
197
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
May 20, 2025
16.29%
212
218
Previous
Outperform
Current
Outperform
Get Alert
May 20, 2025
5.86%
193
199
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
May 20, 2025
-2.36%
178
206
Previous
Overweight
Current
Overweight
Get Alert
May 15, 2025
25.06%
228
259
Previous
Buy
Current
Buy
Get Alert
May 9, 2025
8.06%
197
227
Previous
Buy
Current
Buy
Get Alert
May 8, 2025
4.77%
191
199
Previous
Outperform
Current
Outperform
Get Alert
May 5, 2025
6.41%
194
218
Previous
Buy
Current
Buy
Get Alert
Apr 29, 2025
9.15%
199
201
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Apr 28, 2025
19.58%
218
226
Previous
Outperform
Current
Outperform
Get Alert
Apr 9, 2025
12.99%
206
211
Previous
Overweight
Current
Overweight
Get Alert
Mar 21, 2025
15.74%
204
211
Previous
Overweight
Current
Overweight
Get Alert
Mar 18, 2025
28.9%
220
235
Previous
Buy
Current
Buy
Get Alert
Mar 17, 2025
33.84%
202
244
Previous
Overweight
Current
Overweight
Get Alert
Mar 6, 2025
15.19%
210
218
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Mar 3, 2025
21.22%
220
221
Previous
Outperform
Current
Outperform
Get Alert
Feb 25, 2025
24.51%
218
227
Previous
Buy
Current
Buy
Get Alert
Feb 21, 2025
20.67%
204
220
Previous
Overweight
Current
Overweight
Get Alert
Feb 20, 2025
23.96%
208
226
Previous
Outperform
Current
Outperform
Get Alert
Jan 13, 2025
11.9%
171
204
Previous
Overweight
Current
Overweight
Get Alert
Jan 10, 2025
14.09%
181
208
Previous
Outperform
Current
Outperform
Get Alert
Jan 10, 2025
19.58%
218
Previous
Initiates
Current
Sector Outperform
Get Alert
Dec 19, 2024
22.32%
185
223
Previous
Buy
Current
Buy
Get Alert
Dec 18, 2024
11.9%
190
204
Previous
Overweight
Current
Overweight
Get Alert
Dec 13, 2024
20.67%
220
225
Previous
Buy
Current
Buy
Get Alert
Nov 26, 2024
42.07%
246
259
Previous
Buy
Current
Buy
Get Alert
Nov 20, 2024
22.87%
190
224
Previous
Buy
Current
Buy
Get Alert
Nov 15, 2024
34.94%
182
246
Previous
Buy
Current
Buy
Get Alert
Nov 15, 2024
23.42%
175
225
Previous
Buy
Current
Buy
Get Alert
Nov 11, 2024
9.15%
172
199
Previous
Outperform
Current
Outperform
Get Alert
Nov 6, 2024
4.22%
153
190
Previous
Overweight
Current
Overweight
Get Alert
Nov 5, 2024
-4.01%
150
175
Previous
Buy
Current
Buy
Get Alert
Oct 29, 2024
-4.56%
141
174
Previous
Buy
Current
Buy
Get Alert
Oct 25, 2024
10.8%
173
202
Previous
Overweight
Current
Overweight
Get Alert
Oct 22, 2024
-0.72%
147
181
Previous
Outperform
Current
Outperform
Get Alert
Oct 17, 2024
-0.17%
182
Previous
Current
Buy
Get Alert
Oct 16, 2024
-5.66%
153
172
Previous
Outperform
Current
Outperform
Get Alert
Oct 15, 2024
-6.2%
155
171
Previous
Overweight
Current
Overweight
Get Alert
Sep 19, 2024
-10.59%
147
163
Previous
Buy
Current
Buy
Get Alert
Aug 13, 2024
-16.08%
147
153
Previous
Outperform
Current
Outperform
Get Alert
Aug 5, 2024
-17.72%
125
150
Previous
Buy
Current
Buy
Get Alert
Aug 5, 2024
-16.08%
124
153
Previous
Overweight
Current
Overweight
Get Alert
Aug 2, 2024
-19.37%
132
147
Previous
Buy
Current
Buy
Get Alert
Jul 30, 2024
-22.66%
129
141
Previous
Buy
Current
Buy
Get Alert
Jul 17, 2024
-22.11%
128
142
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Jul 3, 2024
-24.3%
123
138
Previous
Overweight
Current
Overweight
Get Alert
Jul 2, 2024
-20.47%
140
145
Previous
Overweight
Current
Overweight
Get Alert
Jun 26, 2024
-23.21%
140
Previous
Initiates
Current
Buy
Get Alert
Jun 11, 2024
-19.37%
116
147
Previous
Buy
Current
Buy
Get Alert
Jun 10, 2024
-23.21%
134
140
Previous
Overweight
Current
Overweight
Get Alert
Jun 10, 2024
-31.44%
120
125
Previous
Buy
Current
Buy
Get Alert
Jun 7, 2024
-23.21%
130
140
Previous
Overweight
Current
Overweight
Get Alert
May 16, 2024
-29.79%
123
128
Previous
Outperform
Current
Outperform
Get Alert
May 3, 2024
-31.98%
109
124
Previous
Overweight
Current
Overweight
Get Alert
Apr 16, 2024
-28.69%
111
130
Previous
Buy
Current
Buy
Get Alert
Apr 15, 2024
-29.79%
112
128
Previous
Sector Outperform
Current
Sector Outperform
Get Alert
Apr 9, 2024
-33.08%
116
122
Previous
Overweight
Current
Overweight
Get Alert
Apr 4, 2024
-35.82%
105
117
Previous
Buy
Current
Buy
Get Alert
Apr 3, 2024
-28.69%
105
130
Previous
Buy
Current
Buy
Get Alert
Mar 20, 2024
-34.18%
105
120
Previous
Buy
Current
Buy
Get Alert
Mar 19, 2024
-36.37%
105
116
Previous
Overweight
Current
Overweight
Get Alert
Mar 6, 2024
-31.44%
122
125
Previous
Overweight
Current
Overweight
Get Alert
Feb 26, 2024
-40.21%
106
109
Previous
Outperform
Current
Outperform
Get Alert
Feb 21, 2024
-38.57%
104
112
Previous
Buy
Current
Buy
Get Alert
Jan 18, 2024
-40.76%
108
109
Previous
Buy
Current
Buy
Get Alert
Jan 17, 2024
-42.41%
94
105
Previous
Overweight
Current
Overweight
Get Alert
Dec 14, 2023
-40.21%
109
116
Previous
Buy
Current
Buy
Get Alert
Nov 6, 2023
-42.41%
95
105
Previous
Buy
Current
Buy
Get Alert
Oct 18, 2023
-48.44%
89
94
Previous
Overweight
Current
Overweight
Get Alert
Oct 6, 2023
-44.6%
101
Previous
Current
Buy
Get Alert
Sep 20, 2023
-42.41%
99
105
Previous
Buy
Current
Buy
Get Alert
Aug 29, 2023
-37.47%
106
114
Previous
Overweight
Current
Overweight
Get Alert
Aug 9, 2023
-45.15%
95
100
Previous
Buy
Current
Buy
Get Alert
Aug 4, 2023
-40.76%
104
108
Previous
Outperform
Current
Outperform
Get Alert
Jul 20, 2023
-41.86%
106
108
Previous
Overweight
Current
Overweight
Get Alert
Jul 6, 2023
-47.89%
95
Previous
Buy
Current
Buy
Get Alert
Jun 30, 2023
-45.7%
99
Previous
Buy
Current
Buy
Get Alert
Jun 28, 2023
-47.89%
95
Previous
Buy
Current
Buy
Get Alert
May 19, 2023
-47.89%
90
95
Previous
Buy
Current
Buy
Get Alert
May 8, 2023
-50.63%
90
94
Previous
Current
Overweight
Get Alert
May 8, 2023
-42.95%
104
110
Previous
Current
Outperform
Get Alert
Apr 21, 2023
-45.15%
95
100
Previous
Current
Strong Buy
Get Alert
Apr 18, 2023
-49.54%
87
92
Previous
Current
Overweight
Get Alert

FAQ

Q

What is the target price for Targa Resources (TRGP) stock?

A

The latest price target for Targa Resources (NYSE:TRGP) was reported by RBC Capital on December 3, 2025. The analyst firm set a price target for $218.00 expecting TRGP to rise to within 12 months (a possible 19.58% upside). 41 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Targa Resources (TRGP)?

A

The latest analyst rating for Targa Resources (NYSE:TRGP) was provided by RBC Capital, and Targa Resources maintained their outperform rating.

Q

When was the last upgrade for Targa Resources (TRGP)?

A

There is no last upgrade for Targa Resources

Q

When was the last downgrade for Targa Resources (TRGP)?

A

There is no last downgrade for Targa Resources.

Q

When is the next analyst rating going to be posted or updated for Targa Resources (TRGP)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Targa Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Targa Resources was filed on December 3, 2025 so you should expect the next rating to be made available sometime around December 3, 2026.

Q

Is the Analyst Rating Targa Resources (TRGP) correct?

A

While ratings are subjective and will change, the latest Targa Resources (TRGP) rating was a maintained with a price target of $213.00 to $218.00. The current price Targa Resources (TRGP) is trading at is $182.31, which is out of the analyst’s predicted range.

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