JP Morgan Rates The Williams Companies (WMB) buy

JP Morgan maintains its positive stance on The Williams Companies, Inc. with an $89 price target, a 19.72% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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JP Morgan rated The Williams Companies, Inc. ($WMB) "buy" with a $89 price target on July 1, 2026.

Since the rating, $WMB is up 3.4% after 1 week, down 1.7% after 1 month and down 1.3% to date (from the $72.25 close on Jul 1, 2026).

WMB The Williams Companies, Inc.

$71.28 +19.72% year to date

Daily close · Oct 16, 2026

Key Points

JP Morgan analyst Jeremy Tonet reiterated a buy rating on The Williams Companies, Inc. (NYSE: WMB) with an $89 price target on July 1, 2026.
JP Morgan's $89 price target implies 19.72% upside from The Williams Companies, Inc.'s ($WMB) current $74.34 share price.
The energy infrastructure firm trades near $74.34, positioned between its 52-week low of $56.19 and high of $80.08.
Wall Street maintains a broad strong buy consensus on the company with 21 analyst opinions averaging a mean price target of $85.38.

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JP Morgan Maintains Positive Outlook

JP Morgan analyst Jeremy Tonet reaffirmed a buy rating on The Williams Companies, Inc. (NYSE: WMB) on July 1, 2026, setting a price target of $89. The update comes as major financial institutions continue evaluating the energy infrastructure provider's market position across its extensive pipeline network and natural gas gathering operations.

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -2.44% hypothetical

All-time return +35.01% S&P 500 +38.77%

vs. S&P 500 -3.76% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Stock Market Performance and Valuation

The company's shares recently changed hands at $74.34. That price places the stock well above its 52-week low of $56.19 while remaining below the peak of $80.08 reached over the past year. The shares are also positioned near the 50-day moving average of $72.97 and stay above the 200-day moving average of $70.79. The firm carries a price-to-earnings ratio of 28.55 and a forward P/E ratio of 27.59.

12-month forecast

$WMB price target

The Williams Companies, Inc. daily closes and this analyst's $89 target. Not advice.

Recent Wall Street Analyst Views

Other major financial firms have also adjusted their targets and ratings for the energy provider in recent months. On October 14, 2026, Jefferies maintained a buy rating while lowering its target to $83 from $85. Scotiabank kept a sector outperform rating on September 10, 2026, shifting its target to $85 from $86. Morgan Stanley maintained an overweight rating with a target of $103 on August 18, 2026, following an earlier target of $98 in July. Truist Securities held a buy rating with an $88 target on August 12, 2026, moving up from $84. RBC Capital maintained an outperform rating with an $87 target on August 10, 2026. Wells Fargo maintained an overweight rating with a target of $90 on August 5, 2026. Barclays maintained an equal-weight rating, setting a target of $75 on July 8, 2026. Overall, the stock holds a consensus recommendation of strong buy across 21 analyst opinions with a mean price target of $85.38.

Energy Infrastructure Operations

The Williams Companies, Inc. operates as a major energy infrastructure business in the United States, managing thousands of miles of pipelines and processing facilities. The company handles natural gas gathering, transmission, and storage, alongside natural gas liquid services across key shale plays and supply basins. These operations support utilities, municipalities, and power generators nationwide.

Looking Ahead to Earnings

Investors will watch for the company's next earnings report scheduled for November 2, 2026, to assess financial progress and operational results. Market participants will also monitor any subsequent updates from JP Morgan and other institutional research desks regarding the $89 price target.