
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is well-positioned to benefit from its strong relationships with premier operators in the Permian Basin and the growing demand for natural gas and NGL products. The company's integrated wellhead-to-water strategy is supported by its expanding backlog and strong downstream assets. Additionally, its recent transaction with Blackstone has simplified the company's structure and increased its exposure to fee-based midstream margins. However, there are potential risks such as lower commodity prices, adverse changes to regulations, and execution risks on new projects that could impact the company's performance. Overall, with a strong growth outlook and peer-leading EBITDA growth, TRGP is currently a solid investment opportunity with a Buy rating and a $279 price target.
Bears say
Targa Resources is facing challenges that could impact its financial performance in the near future. Despite expected volume growth, the company's organic volume growth may not be enough to offset decreases in producer activity, lower ethane and NGL product demand, and lower commodity prices. This could lead to lower margins and impact the company's overall profitability. Furthermore, the company's reliance on XOM for a significant portion of its revenue and the potential execution risk on new projects could also pose a threat to its financial outlook.
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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