
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is expected to experience steady growth in the coming years, driven by its substantial assets in the Permian, Stack, Scoop, and Bakken plays, as well as its fractionation and export capabilities at Mont Belvieu. The company's strong relationships with major producers, including its recent acquisition by ExxonMobil, provide a resilient production base and potential for future expansion projects. Despite potential risks related to commodity prices and regulatory changes, Targa's well-positioned assets and track record of execution make it an attractive investment opportunity for growth and shareholder returns.
Bears say
Targa Resources is facing potential challenges with its Logistics and Transportation Segment due to an anticipated outage at one of its export facilities, potentially impacting Q1 export volumes. Despite potential growth opportunities from its expanding pipeline and infrastructure assets, the company faces pushback as natural gas is considered a transition fuel with CO2 emissions still higher than renewables. With executive leadership focused primarily on the gathering and processing segment, the company may struggle to effectively address these challenges and pivot towards more environmentally sustainable operations.
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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