
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources demonstrates a strong balance sheet that supports both share repurchases and a significant backlog of growth projects, indicative of its financial health. The company benefits from an integrated Permian-to-Gulf Coast footprint and a well-capitalized producer customer base, which contributes to resilient production and positive EBITDA growth. Furthermore, Targa's recent performance suggests that it is positioned for strong free cash flow generation starting in 2028, resulting in increased financial flexibility and the potential for enhanced shareholder returns.
Bears say
The analysis indicates that Targa Resources faces significant risks due to potential weaknesses in commodity prices which may hinder drilling and completion (D&C) activities, leading to lower volume growth across its systems. Additionally, there is concern regarding reduced demand for ethane and other natural gas liquids (NGL) purity products, which could negatively impact pricing and margins. Execution risks on new projects further complicate the company's outlook, contributing to uncertainties about achieving projected returns.
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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