
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is well-positioned in the midstream sector with its integrated Permian-to-Gulf Coast NGL system, significant upstream connectivity, and large and well-capitalized producer customer set. Their focus on increasing growth projects and diversifying their assets with third-party pipelines makes them well-suited to perform in the current commodity price environment. Overall, TRGP's strong relationships with premier operators and its fully integrated system make it an attractive investment opportunity with potential for significant upside.
Bears say
Targa Resources is facing headwinds from winter storm disruptions, unplanned LPG export outages, and low Waha prices, offsetting positive impacts from higher commodity prices. While upcoming expansions and well-capitalized producers provide potential growth opportunities, the company's dependence on commodity pricing and geopolitical factors poses a significant risk to its profitability and business outlook. Additionally, changes to regulations and legislation could also negatively impact the company's operations. With a reliance on commodity pricing, there is a potential for significant changes in profitability and business outlook in a short period of time. Targa's leadership team, led by CEO Matthew J. Meloy and President of Logistics and Transportation D. Scott Pryor, brings a strong track record and experience in the energy industry. However, with several risks and uncertainties, we rate Targa Resources as a higher risk investment and recommend an Outperform rating.
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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