$201.56
0.25% today
NYSE, Nov 26, 05:16 pm CET
ISIN
US87612G1013
Symbol
TRGP

Targa Resources Corp. Target price 2024 - Analyst rating & recommendation

Targa Resources Corp. Classifications & Recommendation:

Buy
88%
Hold
8%
Sell
4%

Targa Resources Corp. Price Target

Target Price $200.98
Price $201.06
Deviation
Number of Estimates 19
19 Analysts have issued a price target Targa Resources Corp. 2025 . The average Targa Resources Corp. target price is $200.98. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 21 Analysts recommend Targa Resources Corp. to buy, 2 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Targa Resources Corp. stock has an average upside potential 2025 of . Most analysts recommend the Targa Resources Corp. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 15.62 16.72
25.40% 7.03%
EBITDA Margin 22.55% 24.50%
66.33% 8.65%
Net Margin 5.12% 7.71%
26.46% 50.70%

8 Analysts have issued a sales forecast Targa Resources Corp. 2024 . The average Targa Resources Corp. sales estimate is

$16.7b
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. This is
2.35% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$18.9b 15.97%
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, the lowest is
$12.0b 26.68%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $15.6b 25.40%
2024
$16.7b 7.03%
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2025
$21.3b 27.63%
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2026
$24.2b 13.54%
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2027
$15.9b 34.28%
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17 Analysts have issued an Targa Resources Corp. EBITDA forecast 2024. The average Targa Resources Corp. EBITDA estimate is

$4.1b
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. This is
1.07% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$4.1b 0.03%
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, the lowest is
$4.0b 3.15%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $3.5b 24.08%
2024
$4.1b 16.30%
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2025
$4.6b 12.84%
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2026
$5.0b 9.09%
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2027
$5.4b 7.25%
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2028
$5.7b 4.66%
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EBITDA Margin

2023 22.55% 66.33%
2024
24.50% 8.65%
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2025
21.66% 11.59%
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2026
20.82% 3.88%
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2027
33.97% 63.16%
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12 Targa Resources Corp. Analysts have issued a net profit forecast 2024. The average Targa Resources Corp. net profit estimate is

$1.3b
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. This is
6.31% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.4b 14.05%
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, the lowest is
$878m 27.57%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $799m 5.67%
2024
$1.3b 61.21%
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2025
$1.7b 32.88%
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2026
$2.0b 18.66%
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2027
$2.6b 25.66%
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2028
$2.9b 13.26%
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Net Margin

2023 5.12% 26.46%
2024
7.71% 50.70%
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2025
8.02% 4.02%
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2026
8.38% 4.49%
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2027
16.03% 91.29%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.66 5.90
5.67% 61.20%
P/E 34.08
EV/Sales 3.58

12 Analysts have issued a Targa Resources Corp. forecast for earnings per share. The average Targa Resources Corp. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$5.90
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. This is
6.31% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$6.33 14.05%
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, the lowest is
$4.02 27.57%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.66 5.67%
2024
$5.90 61.20%
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2025
$7.84 32.88%
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2026
$9.30 18.62%
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2027
$11.69 25.70%
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2028
$13.24 13.26%
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P/E ratio

Current 36.22 58.24%
2024
34.08 5.91%
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2025
25.65 24.74%
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2026
21.61 15.75%
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2027
17.20 20.41%
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2028
15.19 11.69%
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Based on analysts' sales estimates for 2024, the Targa Resources Corp. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.66 62.67%
2024
3.58 2.17%
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2025
2.81 21.65%
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2026
2.47 11.92%
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2027
3.76 52.17%
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P/S ratio

Current 2.68 108.42%
2024
2.62 2.29%
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2025
2.05 21.65%
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2026
1.81 11.92%
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2027
2.75 52.17%
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