
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is positioned for a positive financial trajectory due to its solid balance sheet, which supports both repurchase initiatives and a significant pipeline of growth projects. The company's robust EBITDA growth, driven by strong production volumes and an integrated system spanning the Permian to Gulf Coast, enhances financial flexibility and shareholder returns. Furthermore, Targa's expected cash flow inflection by late 2027, along with its well-capitalized producer customer base, underscores the potential for sustained operational leverage and free cash flow generation in the coming years.
Bears say
Targa Resources faces a negative outlook primarily due to anticipated weakness in commodity prices, which is expected to slow drilling and completion (D&C) activities among producers, leading to lower volume growth across its systems. This decline in producer activity, coupled with lower-than-expected demand for ethane and other natural gas liquids (NGLs), could significantly reduce pricing and margins for the firm. Additionally, risks associated with execution on new projects and potential operational outages further exacerbate the company's vulnerabilities in a challenging market environment.
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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