Based on the latest data and market analysis, here's a concise assessment of WMB stock:
Technical Analysis
The stock is showing strong bullish momentum with a current price of $60.63, up 2.52% in the regular market session . The RSI of 72.58 indicates slightly overbought conditions, suggesting caution for new entries. The stock is trading well above both its 20-day SMA ($55.88) and 60-day SMA ($55.28), confirming the strong uptrend.
Analyst Consensus
Recent analyst actions show a moderately bullish stance:
- Barclays raised target from $46 to $56 (January 10, 2025)
- Scotiabank initiated coverage with $51 target (January 10, 2025)
- UBS maintains Strong Buy with $70 target (November 15, 2024)
Market Position
WMB has demonstrated strong performance, outperforming the broader market with a 21.8% gain over three months. The company recently raised its full-year 2024 adjusted EBITDA guidance by $125 million to $7.1 billion, showing operational strength.
Based on the technical indicators showing overbought conditions and recent strong price appreciation, investors might want to wait for a pullback before establishing new long positions. The stock is currently trading near its 52-week high of $60.36, suggesting limited immediate upside potential.