€121.95
0.26% today
L&S, Jul 02, 09:45 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 $131.07
Course $131.27
Deviation
Number of estimates 21
21 Analysts have issued a price target Targa Resources Corp. 2025 . The average Targa Resources Corp. target price is $131.07. This is lower 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 19.76
25.40% 26.54%
EBITDA margin 22.55% 19.63%
66.33% 12.95%
Net margin 5.21% 6.05%
26.46% 16.22%

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

$19.8b
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. This is
24.15% 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
$16.4b 3.23%
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.

This results in the following potential growth figures:

Sales forecast

2023 $15.6b 25.40%
2024
$19.8b 26.54%
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2025
$22.8b 15.49%
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2026
$25.4b 11.24%
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2027
$18.2b 28.25%
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19 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
7.77% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$4.0b 9.93%
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, the lowest is
$3.8b 6.34%
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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 10.13%
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2025
$4.3b 10.62%
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2026
$4.6b 7.23%
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2027
$4.8b 5.03%
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2028
$5.1b 5.83%
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EBITDA margin

2023 22.55% 66.33%
2024
19.63% 12.95%
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2025
18.80% 4.23%
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2026
18.12% 3.62%
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2027
26.53% 46.41%
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17 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
10.55% 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 47.09%
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2025
$1.6b 29.86%
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2026
$1.8b 16.62%
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2027
$2.1b 15.42%
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2028
$2.3b 11.37%
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Net margin

2023 5.21% 26.46%
2024
6.05% 16.22%
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2025
6.80% 12.40%
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2026
7.13% 4.85%
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2027
11.48% 61.01%
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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 24.38
EV/Sales 2.22

17 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
$6.99 29.93%
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2026
$8.15 16.60%
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2027
$9.41 15.46%
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2028
$10.48 11.37%
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P/E ratio

Current 26.95 29.69%
2024
24.38 9.54%
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2025
18.78 22.97%
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2026
16.10 14.27%
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2027
13.95 13.35%
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2028
12.53 10.18%
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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 2.76 76.92%
2024
2.22 19.47%
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2025
1.92 13.41%
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2026
1.73 10.10%
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2027
2.41 39.38%
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P/S ratio

Current 1.83 112.10%
2024
1.47 19.46%
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2025
1.28 13.41%
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2026
1.15 10.10%
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2027
1.60 39.39%
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