
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is poised for strong growth in the upcoming years, driven by its strategic position in key shale plays such as Permian, SCOOP, and Bakken. With its extensive gathering and processing network, sizable fractionation capacities, and leading role in NGL export, the company is well-positioned to capture the continued growth of US shale-driven exports. While commodity price volatility remains a risk, Targa's strong relationships with premier operators and integration across the value chain should provide stability and opportunities for further growth.
Bears say
Targa Resources is likely to face significant challenges in the future due to lower commodity prices and a deceleration in producer activity. This could lead to a decrease in volume growth and project returns, ultimately affecting the company's financial performance. Additionally, while natural gas may be seen as a necessary transition fuel, it still emits more CO2 than renewables, making it a less attractive option in the long term. Risks such as lower commodity prices, changes in regulations, and asset concentration also pose a threat to the company's growth. Furthermore, the leadership changes within the company, with new executives taking on key roles, could potentially disrupt the company's operations and strategies. Overall, these factors contribute to the negative outlook on Targa Resources' stock.
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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