Citigroup Rates DOW buy, $35 Price Target

Citigroup analyst Patrick Cunningham maintains a buy rating on Dow Inc., setting a $35 price target, a 20.52% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 8:07 PM EDT · Updated Jun 29, 2026, 9:01 AM EDT

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Citigroup rated Dow Inc. ($DOW) "buy" with a $35 price target on June 24, 2026.

Since the rating, $DOW is down 8.0% after 1 week, up 1.6% after 1 month and up 3.1% to date (from the $29.04 close on Jun 24, 2026).

DOW Dow Inc.

$29.93 +27.52% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup analyst Patrick Cunningham reiterated a buy rating on Dow Inc. with a $35 price target on June 24, 2026.
Citigroup's $35 price target implies 20.52% upside from Dow Inc.'s ($DOW) current $29.04 share price.
Shares of NYSE:DOW traded near $30.33 on Thursday, with a market cap of $22.2 billion and a forward P/E ratio of 14.18.
Insider buying activity was noted earlier this year, with several purchases by company executives including CEO James Fitterling.

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On June 24, 2026, Citigroup analyst Patrick Cunningham reiterated a buy rating on Dow Inc. (NYSE:DOW), maintaining a price target of $35. This reaffirmation suggests confidence in the company's prospects despite some recent market challenges.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -3.28% hypothetical

All-time return +30.99% S&P 500 +28.85%

vs. S&P 500 +2.14% ahead of the index

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

Dow Inc. Stock Up 1.1%

Shares of NYSE:DOW traded near $30.33 on Thursday. Dow Inc. has a market capitalization of approximately $22.2 billion and a forward P/E ratio of 14.18, indicating expectations of future earnings growth. The company's beta, a measure of volatility, is relatively low at 0.405. Over the past 52 weeks, the stock has ranged from $20.40 to $42.74. The 50-day moving average is $36.85, while the 200-day moving average is $29.64.

12-month forecast

$DOW price target

Dow Inc. daily closes and this analyst's $35 target. Not advice.

Other Institutional Activity in Dow Inc.

Among Dow's institutional investors, BlackRock, Inc. increased its holdings by 840,209 shares, bringing its total to 53,337,528 shares valued at about $2.22 billion, marking a 1.6% increase. Vanguard Capital Management LLC opened a new position with 46,193,815 shares valued at approximately $1.92 billion. Similarly, State Street Corp added 243,218 shares, ending with 35,113,389 shares worth $1.46 billion, a 0.7% increase. However, Pzena Investment Management LLC reduced its stake by 8,679,285 shares, leaving it with 18,947,602 shares valued at $789.17 million, a significant decrease of 31.4%.

Insider Buying and Selling at Dow Inc.

Earlier this year, there was notable insider buying at Dow Inc. On February 12, 2026, CEO James Fitterling purchased 68,230 shares. In April, several other executives, including Gaurdie Banister Jr., Wesley Bush, Debra Dial, Luis Alberto Moreno Mejia, and Daniel Yohannes, each bought 5,127 shares. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

On June 24, 2026, Citigroup maintained its buy rating on Dow Inc. with a $35 price target. In recent months, other analysts have also weighed in. RBC Capital has a target of $51 with a buy rating as of April 27, 2026, while UBS holds a target of $39 with a hold rating from April 24, 2026. The consensus among 16 analysts is a buy rating with an average price target of $42.25.

About Dow Inc.

Dow Inc. is a global leader in the chemicals sector, providing materials science solutions for industries such as packaging, infrastructure, and mobility. Headquartered in Midland, Michigan, the company operates through three main segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Under the leadership of CEO James R. Fitterling, Dow employs about 34,600 people worldwide.

Bottom Line

Citigroup's continued buy rating on Dow Inc. reflects confidence in the company's future performance. As a major player in the chemicals industry, Dow's stock is closely watched by investors. The reaffirmation of the buy rating and the $35 price target indicate positive expectations moving forward, though it's important to remember that these ratings are based on past performance and future projections.