Barclays Rates DOW Underweight, $30 Price Target

Barclays has reiterated its Underweight rating for Dow Inc., setting a target price of $30.00, a 0.23% downside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:20 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Barclays rated Dow Inc. ($DOW) "Underweight" with a $30 price target on October 13, 2026.

Since the rating, $DOW is up 5.0% to date (from the $28.51 close on Oct 13, 2026).

DOW Dow Inc.

$29.93 +27.52% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Barclays reiterated its Underweight rating on Dow Inc. with a price target of $30.00.
Barclays's $30 price target implies 0.23% downside from Dow Inc.'s ($DOW) current $30.07 share price.
As of October 16, 2026, Dow Inc. shares were recently trading around $30.07, which is above Barclays' target by about 0.2%.
This rating follows several recent adjustments from other analysts, including downgrades and target reductions.

Get $DOW trade alerts by text

We text you when insiders, Congress or big funds trade $DOW. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Dow Inc. alert may contain errors. Disclosures

Barclays has reiterated its Underweight rating on Dow Inc. (NYSE: DOW) on October 13, 2026, with a price target of $30.00. This follows a trend of cautious outlooks from various analysts regarding the company's performance.

Barclays' Call on Dow Inc.

Barclays maintains its Underweight rating on Dow Inc., setting a price target of $30.00. This rating reflects the firm's assessment of the company's potential moving forward. The target price is in line with the recent trading levels, as shares were recently priced at about $30.07 on October 16, 2026, which is slightly above the target.

Other Institutional Activity in Dow Inc.

Several other institutional investors have also been active with their positions in Dow Inc. Blackrock Inc. holds 61,742,580 shares, having increased its stake by 8,405,866 shares, valued at approximately $1.85 billion. Vanguard Capital Management LLC owns 47,031,008 shares, adding 836,127 shares worth about $1.41 billion. State Street Corporation increased its holdings by 2,756,373 shares, totaling 37,869,410 shares valued at around $1.13 billion. Vanguard Portfolio Management LLC holds 34,887,097 shares after a gain of 2,052,182 shares, worth about $1.04 billion. Geode Capital Management, LLC has 19,281,367 shares after adding 503,253 shares, valued at around $577 million.

Dow Inc. Stock Up 4.7%

Currently, Dow Inc. shares are trading slightly above Barclays' target price. The recent price of $30.07 is about 0.2% above the target, suggesting a close alignment between the market's current valuation and Barclays' expectations. The stock has been under scrutiny as analysts weigh various factors impacting its performance in the chemicals sector.

12-month forecast

$DOW price target

Dow Inc. daily closes and this analyst's $30 target. Not advice.

Recent Earnings

Dow Inc. reported a trailing twelve-month revenue of approximately $41.32 billion, though it posted a negative net margin of -3.1% and an earnings per share (EPS) of -$1.83. The company is set to report its next earnings on October 22, 2026, which could provide further insights into its financial health.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B+ 78/100

Reported Apr 23, 2026

Forward outlook
5 analysts raised price targets.
EPS & revenue
EPS beat estimates by 51.8%. Revenue met estimates.
Profit surprise
EBITDA missed by 76 percent. Operating income beat by 50 percent.
Pre-earnings setup
Bar was low, analysts cautious going in.
Analyst signal
5 target raises.
Earnings quality
Operating margin down 1.6 points. Positive free cash flow.

Earnings Call Summary

Dow reported first quarter revenue of $9.8 billion and EBITDA of $873 million. The Middle East conflict disrupted global supply chains starting in March, creating tight conditions that benefited Dow's Americas-based assets. Management expects these supply constraints and pricing momentum to persist through 2026, delivering significant earnings upside in coming quarters as they execute cost-reduction and transformation initiatives.

Guidance Dow guided second quarter revenue of approximately $12 billion and EBITDA of about $2 billion. Management expects pricing gains across all business segments to drive earnings higher, especially in polyethylene where April prices were announced up $0.30 per pound, with May prices rising another $0.20.

Good report. The company beat and showed some forward improvement, with a few meaningful caveats.

Analysts Set New Price Targets

On September 25, 2026, UBS maintained a Neutral rating on Dow Inc. with a target of $30.00, while RBC Capital also maintained a Sector Perform rating with a target of $29.00 on September 30. Citigroup downgraded its rating to Neutral with a target of $30.00 on the same date. Mizuho maintained a Neutral rating with a target of $32.00 on October 1, 2026. The consensus among analysts shows a mixed outlook with varying targets reflecting the uncertainty in the chemicals market.

About Dow Inc.

Dow Inc. is a major player in the chemicals industry, providing materials science solutions for various applications, including packaging and infrastructure. The company operates globally and is headquartered in Midland, Michigan. Its diverse range of products plays a critical role in multiple sectors, impacting its financial performance and investor sentiment.

Bottom Line

Investors should keep an eye on Dow Inc.'s upcoming earnings report on October 22, 2026, which may provide further insights into its financial health. With Barclays setting a cautious tone with its Underweight rating, the market will be watching how the company navigates current challenges in the chemicals sector.