Fintel reports that on December 18, 2024, Evercore ISI Group upgraded their outlook for Dow (NYSE:DOW) from In-Line to Outperform.
Analyst Price Forecast Suggests 41.06% Upside
As of December 3, 2024, the average one-year price target for Dow is $57.23/share. The forecasts range from a low of $50.50 to a high of $68.25. The average price target represents an increase of 41.06% from its latest reported closing price of $40.57 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dow is 53,338MM, an increase of 23.52%. The projected annual non-GAAP EPS is 5.52.
What is the Fund Sentiment?
There are 2,259 funds or institutions reporting positions in Dow. This is an decrease of 42 owner(s) or 1.83% in the last quarter. Average portfolio weight of all funds dedicated to DOW is 0.25%, an increase of 5.28%. Total shares owned by institutions increased in the last three months by 1.59% to 539,051K shares. 
The put/call ratio of DOW is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 22,280K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 22,210K shares , representing an increase of 0.31%. The firm decreased its portfolio allocation in DOW by 2.97% over the last quarter.
Jpmorgan Chase holds 21,625K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 20,134K shares , representing an increase of 6.90%. The firm decreased its portfolio allocation in DOW by 93.09% over the last quarter.
Pzena Investment Management holds 18,952K shares representing 2.70% ownership of the company. In its prior filing, the firm reported owning 18,866K shares , representing an increase of 0.45%. The firm decreased its portfolio allocation in DOW by 6.36% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 18,359K shares representing 2.61% ownership of the company. In its prior filing, the firm reported owning 18,049K shares , representing an increase of 1.69%. The firm decreased its portfolio allocation in DOW by 3.61% over the last quarter.
Geode Capital Management holds 16,886K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 16,707K shares , representing an increase of 1.06%. The firm decreased its portfolio allocation in DOW by 49.74% over the last quarter.
Dow Background Information
(This description is provided by the company.)
Dow combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
