€120.30
0.18%
L&S, Jun 28, 10:52 pm CET
ISIN
US87612G1013
Symbol
TRGP

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

Targa Resources Corp. Classifications & Recommendation:

Buy
92%
Hold
8%

Targa Resources Corp. Target price

Target price $129.92
Course $128.78
Price potential
Number of estimates 22
22 Analysts have issued a price target Targa Resources Corp. 2025 . The average Targa Resources Corp. target price is $129.92. This is higher than the current share price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 22 Analysts recommend Targa Resources Corp. to buy, 2 to hold and 0 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. share has an average upside potential 2025 of . Most analysts recommend the Targa Resources Corp. share at Purchase.

Sales and margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Forecast
Turnover Billion $ 15.62 19.73
25.40% 26.33%
EBITDA margin 22.55% 19.62%
66.33% 13.00%
Net margin 5.21% 6.06%
26.46% 16.41%

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

$19.7b
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. This is
23.95% higher
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than the turnover of the last 12 months(TTM). The highest sales forecast is
$22.3b 39.99%
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, the lowest is
$16.3b 2.35%
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.

This results in the following potential growth figures:

Sales forecast

2023 $15.6b 25.40%
2024
$19.7b 26.33%
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2025
$22.8b 15.32%
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2026
$24.7b 8.53%
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2027
$18.2b 26.24%
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20 Analysts have issued an Targa Resources Corp. EBITDA forecast 2024. The average Targa Resources Corp. EBITDA estimate is

$3.9b
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. This is
7.57% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.9b 9.46%
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, the lowest is
$3.8b 6.05%
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.

This results in the following potential growth figures and future EBITDA margins:

EBITDA forecast

2023 $3.5b 24.08%
2024
$3.9b 9.92%
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2025
$4.3b 10.62%
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2026
$4.6b 7.01%
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2027
$4.8b 5.45%
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2028
$5.1b 5.83%
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EBITDA margin

2023 22.55% 66.33%
2024
19.62% 13.00%
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2025
18.82% 4.08%
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2026
18.56% 1.38%
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2027
26.53% 42.94%
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18 Targa Resources Corp. Analysts have issued a net profit forecast 2024. The average Targa Resources Corp. net profit estimate is

$1.2b
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. This is
10.51% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.4b 26.08%
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, the lowest is
$951m 12.12%
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.

This results in the following potential growth figures and future net margins:

Net profit forecast

2023 $813m 5.67%
2024
$1.2b 47.04%
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2025
$1.6b 29.76%
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2026
$1.8b 15.10%
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2027
$2.1b 17.07%
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2028
$2.3b 11.37%
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Net margin

2023 5.21% 26.46%
2024
6.06% 16.41%
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2025
6.82% 12.54%
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2026
7.23% 6.01%
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2027
11.48% 58.78%
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Earnings per share, P/E ratio and EV/sales forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Forecast
Earnings per share $ 3.66 5.38
5.67% 46.99%
P/E ratio 23.93
EV/Sales 2.20

18 Analysts have issued a Targa Resources Corp. forecast for earnings per share. The average Targa Resources Corp. <a href=/blog/eps>EPS is

$5.38
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. This is
10.47% higher
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than earnings per share in the financial year 2023. The highest <a href=/blog/eps>EPS forecast is
$6.14 26.08%
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, the lowest is
$4.28 12.11%
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.

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

Earnings per share

2023 $3.66 5.67%
2024
$5.38 46.99%
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2025
$6.98 29.74%
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2026
$8.04 15.19%
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2027
$9.41 17.04%
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2028
$10.48 11.37%
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P/E ratio

Current 26.44 27.24%
2024
23.93 9.49%
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2025
18.44 22.94%
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2026
16.02 13.12%
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2027
13.69 14.54%
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2028
12.29 10.23%
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Based on analysts' sales estimates for 2024, the Targa Resources Corp. share is valued at an <a href=/blog/ev-sales-einfach-erklaert>EV/Sales of

and an <a href=/blog/kurs-umsatz-verhaeltnis-kuv-einfach-erklaert>P/S ratio of .

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

EV/Sales

Current 2.72 82.55%
2024
2.20 19.18%
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2025
1.91 13.28%
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2026
1.76 7.86%
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2027
2.38 35.57%
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P/S ratio

Current 1.79 126.46%
2024
1.45 19.32%
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2025
1.25 13.28%
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2026
1.16 7.86%
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2027
1.57 35.57%
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