Williams Companies Price Targets Raised to $76 and $73 with 8–10% EBITDA Growth Outlook
Jefferies raised Williams Companies’ price target from $71 to $76 while Mizuho lifted its target from $72 to $73, retaining bullish ratings. Both firms cited an 8–10% medium-term adjusted EBITDA growth outlook through fiscal 2030 and over $5 billion in Power Innovation projects driving future expansion.
1. Price Targets Raised
On February 2, Jefferies increased its price target from $71 to $76 and maintained a Buy rating, while Mizuho raised its target from $72 to $73 with an Outperform stance. These upward revisions reflect improved earnings forecasts and strategic confidence in Williams Companies’ midstream operations.
2. Growth Guidance and Power Innovation
Jefferies highlighted an expected medium-term adjusted EBITDA growth of 8% to 10% through fiscal 2030 versus 2025 levels, citing underappreciated scale in the company’s power innovation segment. Mizuho pointed to over $5 billion in announced Power Innovation projects as a key driver for future cash flow and growth.
3. Segment Outlook and Strategy
Mizuho raised 2026 estimates above consensus, noting that the Sequent marketing segment will benefit from energy market volatility tied to Winter Storm Fern. Additionally, Williams Companies continues leveraging its gas infrastructure for core transmission projects and pursuing behind-the-meter power generation to accelerate expansion.