Targa Resources

Permian And Export Developments Will Drive Long-Term Success

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Aug 24

Updated

11 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

0.09%

7D

3.2%

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1Y

0.09%

7D

3.2%

You can edit this narrative until Dec 12 9:09 PM. Then, changes will post as Updates.

Author's Valuation

US$208.911.1% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 0.43%

TRGP: Expanded Permian Volumes Will Support Future Cash Returns And Buybacks

Analysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.

Shared on 27 Nov 25

Fair value Increased 1.32%

TRGP: Expanding Permian Volumes Will Drive Profitability Amid Market Uncertainty

Analysts have modestly raised their fair value estimate for Targa Resources to $208.00. They cite the company's solid profit margins and commercial growth prospects, even though there have been broad reductions in sector price targets.

Shared on 20 Sep 25

Fair value Decreased 1.02%

Despite Targa Resources' resilient Permian volumes, robust cash flow prospects, and investor focus on capital returns, analysts modestly lowered price targets—now $205.30—citing sector-wide valuation concerns and near-term growth already reflected in the stock after a significant rally. Analyst Commentary Bullish analysts cite Targa's strong positioning for natural gas, LNG, and natural gas liquid infrastructure expansion, underpinned by robust global power demand and high-quality asset selection.

Shared on 29 Aug 25

Fair value Increased 1.03%

Analysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.

Shared on 07 May 25

Fair value Decreased 5.56%

Shared on 30 Apr 25

Fair value Increased 0.86%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 1.29%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.53%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 0.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 1.38%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 5.38%

AnalystConsensusTarget has increased revenue growth from 6.1% to 14.1% and decreased profit margin from 10.9% to 9.3%.

AnalystConsensusTarget Fair Value

US$208.9

11.1% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

7.25%

Oil and Gas revenue growth rate

1.22%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.01%

Calculation

US$2.43b

Earnings '28

x

21.53x

PE Ratio '28

=

US$52.23b

Market Cap '28

US$52.23b

Market Cap '28

/

204.64m

No. shares '28

=

US$255.23

Share Price '28

US$255.23 Share Price '28

Discounted to 2025 @ 7.02% p.a.

=

US$208.25

Fair Value '25