RBC maintains outperform rating on Williams Companies (WMB) with price target of $63

From Yahoo Finance: 2025-05-28 14:41:00

RBC Capital Markets maintained an “Outperform rating” on The Williams Companies, Inc. (NYSE:WMB) with a price target of $63 after insights from the EIC Conference. Analysts are confident in new projects that will improve financial estimates.

The Williams Companies, Inc. (NYSE:WMB) expects steady progress with new CEO Chad Zamarin. The Socrates project, a fully integrated infrastructure project serving as a power solution for a data center, includes a 10-year contract with a commercial reassessment provision.

If Socrates equipment is used as backup power after the contract, the price will be based on replacement cost. The project offers a five times build multiple under contract terms, boosting confidence in The Williams Companies, Inc. (NYSE:WMB) growth and financial performance.

The Williams Companies, Inc. (NYSE:WMB) specializes in natural gas processing, transportation, petroleum, and electricity generation. While WMB shows potential, some AI stocks may offer higher returns with less downside risk.

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Read more at Yahoo Finance: RBC Keeps Outperform Rating on Williams Companies (WMB) Stock