
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources's strong balance sheet positions the company favorably for additional share repurchases and supports its extensive backlog of growth projects. The firm is anticipated to experience EBITDA growth, driven by a solid fundamental backdrop and enhanced financial flexibility, which may lead to increased returns for shareholders. Furthermore, Targa Resources offers significant exposure to rising commodity prices within the midstream sector, benefiting from its integrated operations spanning the Permian to the Gulf Coast.
Bears say
The financial outlook for Targa Resources appears negative primarily due to potential weakness in commodity prices, which could delay drilling and completions (D&C) activity among producers, leading to significantly lower volume growth across the company's systems. Additionally, risks pertaining to decreased producer activity and lower-than-expected demand for ethane and other natural gas liquids (NGL) purity products could adversely impact pricing and margins, further exacerbating financial challenges. Other operational risks, including pipeline damage and execution risks on new projects, may also pose significant threats to Targa's revenue generation capabilities.
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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