NYSE: DOW

Dow (DOW) Stock Analysis & Forecast

Sep 28 close

$27.89−0.13 (−0.5%)

Gekko Brief

AI summary

Dow shares slipped this week amid broader market pressure, with the Dow Jones Industrial Average itself falling as oil prices and Treasury yields climbed. UBS analyst Joshua Spector cut his price target on the stock from $32 to $30 while maintaining a Neutral rating, citing margin pressures in the commodity chemicals sector tied to slow industrial demand recovery and constrained pricing power. The stock traded as low as $28.10 intraday on 25 September, underperforming peer LyondellBasell, and closed at $28.02 that day before easing further.

Dow closed at $27.89, down 0.5%, sitting below both its 50-day average of $30.07 and 200-day average of $31.93, with the 50-day itself below the 200-day. The GekkoIndex reads 66.3, placing the stock in the Accumulation zone. Price stands 34.3% below Gekko Fair Value of $42.48.

Dow's next earnings report is scheduled for 22 October, 23 days out, falling inside a typical 20-trading-day holding window; the prior report on 23 July beat estimates ($1.44 vs $1.25) but still drew a -4.5% reaction. Options activity over the past 30 days shows one unusual signal, with put premium of $1,314,445 against call premium of $48,901. Seasonality over 5 years shows the next 20 trading days averaging -0.2%, higher in 2 of those years. Analyst consensus across 13 firms includes 4 buy, 8 hold and 1 sell ratings, with a consensus target of $34.31.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Dow price vs fair value

$42.48$27.89Sep ’25Mar ’26Sep ’26
Close $27.89200-day averageGekko Fair Value $42.48

Dow quick facts

Market cap
$20.15B
P/E ratio
—
Forward P/E
14.1
EPS, TTM
−$1.83
Revenue, TTM
$41.32B
Profit margin
-3.1%
Dividend yield
4.90%
Beta
0.42
Volume
7.99M avg 8.78M
1-year return
+25.6%
Typical daily move
±3.2%
Typical 20-day move
±5.3%
50-day average
$30.07
200-day average
$31.93
Next earnings
Oct 22 before open
Shares outstanding
722.3M
52-week range
$20.65$42.74

Dow swing-trade checklist

Dow scores 2 supportive, 0 mixed and 4 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive0 mixed4 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $27.89 is below the 50-day ($30.07) and 200-day ($31.93) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    66.3, Accumulation

    Reading 66.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    34.3% below

    Price is 34.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 1 unusual options signal.

    See smart money
  • Earnings riskheadwind

    Reports in 23 days

    Reports on Oct 22, 2026, 23 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −0.2% on average

    From this point in the calendar, the next 20 trading days averaged −0.2% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Dow stock chart and price history

Dow closed at $27.89 on Sep 28, 2026, +25.6% over the past year, inside a 52-week range of $20.65 to $42.74.

Close50-day average200-day averageVolume
Dow share price, past year, with 50-day and 200-day moving averages and volume$20$25$30$35$40NovDecJan 2026FebMarAprMayJunJulAugSep27.89

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−8.0%
3 months
−0.1%
6 months
−31.7%
1 year
+25.6%
The full DOW chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open DOW in Gekko

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About Dow

Dow supplies materials used in packaging, infrastructure, mobility, and consumer goods, drawing on chemistry-based products that turn up in everyday manufacturing across many industries. It is known for producing the basic building blocks and finished materials that other companies use to make plastics, coatings, adhesives, and construction components.

The company runs through three main units. One makes core chemicals and polymers such as ethylene, propylene, and various polyethylene products used in plastics and packaging. Another handles a wider mix of goods, including glycols, polyurethane systems, coatings, adhesives, and chemicals like caustic soda and vinyl chloride monomers, along with specialty items such as cellulose ethers and acrylic emulsions. The third focuses on paints, protective coatings, and silicone-based materials for uses ranging from wood and metal finishes to traffic markings and leather goods. Dow also has a smaller business in property and casualty insurance and reinsurance. Its customer base spans sectors tied to construction, consumer products, and industrial manufacturing, and its operations reach the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

Dow was founded in 2018 and is headquartered in Midland, Michigan. Its shares are listed on the NYSE under the ticker DOW.

Listed
NYSE
Sector
Process industries
Industry
Chemicals: specialty
Website
dow.com

Dow GekkoIndex: the smart money zone

Dow’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 66.3, in the Accumulation zone, up 0.7 points over five sessions.

010066.3Accumulation

Up 0.7 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying75−0.3%+0.9%−0.1%−5.3%
Accumulation (current zone)258+0.1%−0.9%−3.0%−6.6%
Neutral315−0.8%−1.0%−0.6%−0.5%
Distribution23+1.6%+1.6%+4.7%+5.9%
Selling1Too few readings yet

Average DOW share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the DOW price, zone by zone.Track DOW in Gekko

Is Dow stock overvalued? Gekko Fair Value

Dow trades 34.3% below Gekko Fair Value of $42.48, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Dow shares are worth, recalculated every trading day.

$42.48

Gekko Fair Value, Sep 29, 2026

34.3% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open DOW in Gekko

Dow insider and Congress trading

No open-market insider purchases were filed for Dow, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for DOW in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every DOW insider filing, plotted on the chart in Gekko.Open DOW in Gekko

Congress trades last 90 days

No trades in DOW were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for DOW, plotted on the chart in Gekko.Open DOW in Gekko

Buybacks

Dow has been buying back its own shares.

Bought back, quarter ended Sep 30, 2024
$94.00M
As a share of market cap
0.47%
Trailing four quarters
$619.0M

From company filings.

Unusual options activity last 30 days

1signal, 4% of the flagged premium in calls.

Latest: Bearish flow on Sep 5, $1.36M in unusual premium.

Hedge funds and billionaires quarter ended Mar 31

0of the funds Gekko tracks hold DOW.

0added0opened0trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Dow earnings: next date and track record

Dow reports on Oct 22, 2026, before the open (23 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±6%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−3.5%Oct ’24−4.9%Jan ’25+3.5%Apr ’25−16.0%Jul ’25+14.3%Oct ’25−0.8%Jan ’26−0.4%Apr ’26−4.5%Jul ’26

Last earnings call, Jul 23, 2026 AI summary

What they said
Dow reported solid second-quarter 2026 results driven by pricing leadership, improved integrated margins, better cash flow and execution of self-help initiatives. Packaging & Specialty Plastics benefited from significantly higher polyethylene pricing (local price up >40%), offsetting lower volumes in several regions. Industrial Intermediates & Infrastructure saw year-over-year improvement driven by higher local prices (~15%) and margin gains aided by supply disruptions for some peers. Management highlighted operational actions including restarting the low-cost Terneuzen cracker, planned maintenance on Gulf Coast crackers, and strategic siloxanes capacity realignment in Europe. The company reiterated a disciplined capital allocation approach, approximately $14 billion in available liquidity, prioritization of deleveraging, and no substantive maturities until 2029. Self-help programs were upsized with an additional $200 million benefit this year, and Transform to Outperform is now expected to deliver ~$700 million this year and $2 billion by end of next year. Management emphasized continued execution in a volatile macro environment and indicated potential upside to guidance if recent commodity dynamics persist.
Guidance
Third-quarter guidance: $1.7 billion EBITDA (company-wide guide). Assumes a $0.10 per pound decline in global integrated polyethylene margins versus Q2 (including a $0.15/lb June settlement in North America) and no additional quarterly price movement. Management has announced a $0.05/lb announced price increase in North America (recent action) which, if sustained or followed by additional increases, would be upside to the $1.7B guide. Self-help guidance: expecting >$1.3 billion benefits this year (upsized by $200M), $700M from Transform to Outperform this year, and a $2.0 billion total opportunity from Transform to Outperform by end of next year. Liquidity: ~ $14B available; expected >$500M working capital release in H2; ~$300M litigation proceeds received in early Q3 (in addition to ~$1B received in Q1).
Risks flagged
Macroeconomic and commodity price volatility (oil, naphtha, propane, benzene) that can reverse margin benefits; planned maintenance and turnarounds that constrain volumes; supply chain and shipping disruptions (e.g., Strait of Hormuz, Red Sea) creating logistics uncertainty; operational downtime of partners/JVs (e.g., Sadara) impacting volumes; regional pricing and normalization risks in Europe and Asia; execution risk on self-help initiatives and headcount reductions; regulatory and geopolitical risks impacting feedstock supply and export patterns.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 23, 2026$1.44
est $1.25
+15.2%$12.09B
est $12.03B
+0.5%−4.5%
Apr 23, 2026−$0.14
est −$0.26
+46.2%$9.79B
est $9.66B
+1.4%−0.4%
Jan 29, 2026−$0.34
est −$0.46
+26.7%$9.46B
est $9.46B
0.0%−0.8%
Oct 23, 2025−$0.19
est −$0.31
+38.4%$9.97B
est $10.22B
−2.4%+14.3%
Jul 24, 2025−$0.42
est −$0.17
−142.1%$10.10B
est $10.24B
−1.4%−16.0%
Apr 24, 2025$0.02
est −$0.01
+240.4%$10.43B
est $10.24B
+1.9%+3.5%
Jan 30, 2025−$0.08
est $0.24
−131.3%$10.41B
est $10.51B
−1.0%−4.9%
Oct 24, 2024$0.47
est $0.47
0.0%$10.88B
est $10.65B
+2.1%−3.5%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Dow stock forecast and analyst price targets

Analysts’ average 12-month price target for Dow is $34.31, +23.0% from the last close, from 13 firms rating the stock in the last 90 days.

$34.31consensus 12-month target, +23.0% from the last close
Low $30High $40
Buy4
Hold8
Sell1

Each firm’s latest rating in the last 90 days: 13 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 25UBSHold, reiterated$30+7.6%
Sep 17Wells FargoBuy, maintained$35+25.5%
Sep 17Deutsche Bank Hold, reiterated$32+14.7%
Sep 14Bank of America SecuritiesSell, maintained——
Sep 11KeyBancHold, initiated——
−3.0%average 20-day move after past Accumulation readings
−0.2%average move over the next 20 trading days in the last 5 years
±3.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Dow seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Dow averaged −0.2% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−4.8%2021+7.8%2022−6.7%2023−8.3%2024+12.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.1%3 of 5
Next 10 trading days−2.3%1 of 5
Next 15 trading days−2.1%2 of 5
Next 20 trading days−0.2%2 of 5
Next 30 trading days−2.0%1 of 5

For scale, DOW’s typical 20-trading-day move in either direction is about 5.3%.

Dow market cap and key statistics

Dow’s market cap is $20.15B and revenue of $41.32B over the last twelve months.

Valuation

Market cap
$20.15B
Forward P/E
14.1
EPS, TTM
−$1.83
Gekko Fair Value
$42.48

Trading

Volume
7.99M
Avg volume, 20 days
8.78M
52-week high
$42.74
52-week low
$20.65
Shares outstanding
722.3M

Financials

Revenue, TTM
$41.32B
Profit margin
-3.1%
Return on equity
-5.5%
Quarterly earnings growth, YoY
−73.3%

Risk and income

Beta
0.42
Typical daily move
±3.2%
Typical 20-day move
±5.3%
Dividend yield
4.90%

Dow peers

Dow’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
LINLinde+1.0%Accumulation2.8% below
ECLEcolab+1.0%Neutral8.2% above
APDAir Products and Chemicals−0.7%Accumulation11.9% below
LYBLyondellBasell Industries−0.8%Accumulation12.3% below
ALBAlbemarle−0.1%Accumulation24.7% below
WLKWestlake−1.2%Accumulation25.7% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Dow stock FAQ

What is Dow’s market cap?

Dow’s market cap is $20.15B at the Sep 28, 2026 close of $27.89, with 722.3M shares outstanding.

What is the Dow stock forecast?

The consensus analyst 12-month price target for Dow is $34.31, +23.0% from the last close. Of the 13 firms that rated the stock in the last 90 days, 4 rate it a buy, 8 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Dow stock overvalued or undervalued?

On Gekko’s estimate Dow is undervalued: the Sep 28, 2026 close of $27.89 is 34.3% below Gekko Fair Value of $42.48. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Dow report earnings next?

Dow is expected to report on Oct 22, 2026, before the market opens (23 days away). Analysts expect earnings of $0.63 per share on revenue of $11.25B. Dow beat the earnings estimate in 5 of its last 8 reports, moving 6% on average across the report.

What is Dow’s 52-week high and low?

Dow’s 52-week high is $42.74 and its 52-week low is $20.65; it closed at $27.89 on Sep 28, 2026, +25.6% over the past year. Over the last five years the shares peaked at $71.86 on Apr 21, 2022.

Is Dow stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 6 items with data read as supportive (gekkoindex and fair value) and 4 as headwinds (trend, smart money, earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Dow?

Gekko flagged 1 unusual options signal in Dow over the last 30 days, with $49K of flagged premium in calls and $1.31M in puts. The latest, bearish flow, was on Sep 5, 2026 with $1.36M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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