DA Davidson Reiterates Buy Rating on DNOW
DA Davidson maintains its positive outlook on DNOW with a $17 price target, a 24.09% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating on DNOW, setting a price target of $17 as of June 16, 2026.
- DA Davidson's $17 price target implies 24.09% upside from DNOW Inc.'s ($DNOW) current $13.70 share price.
- DNOW shares are trading at $13.70, with recent insider buying activity observed in May 2026.
- Institutional investors like Wellington Management increased their DNOW holdings by 6,065,969 shares.
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DA Davidson has reiterated its buy rating on DNOW, setting a price target of $17. This move, announced on June 16, 2026, reflects DA Davidson's continued positive outlook on the company. DNOW shares were trading at $13.70 at the time of the announcement.
Other Institutional Activity in DNOW
Several major institutional investors have recently adjusted their stakes in DNOW. Wellington Management Group significantly boosted its holdings by 6,065,969 shares, bringing its total to 16,879,174 shares valued at approximately $201.03 million. In contrast, BlackRock, Inc. slightly trimmed its position by 26,066 shares, now holding 29,691,475 shares worth about $353.63 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported new positions, holding 10,423,553 and 8,331,559 shares valued at $124.14 million and $99.23 million, respectively. Dimensional Fund Advisors LP made a modest increase of 8,035 shares, totaling 10,382,620 shares valued at $123.65 million.
DNOW Inc. Stock Down 14.0%
Shares of DNOW are currently trading around $13.70. The stock has seen varied activity from institutional investors, reflecting diverse opinions on its prospects. DA Davidson's reiterated buy rating and $17 price target suggest confidence in the company's potential for growth.
Insider Buying and Selling at DNOW Inc.
Recent insider activity at DNOW included several purchases on May 20, 2026. Insiders such as Paul Coppinger, Galen Cobb, George John Damiris, Ronald Jadin, Sonya Reed, and Terry Bonno each acquired 12,122 shares. These transactions were not part of a pre-planned trading program, indicating a potential vote of confidence in the company's future.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson initiated coverage on DNOW with a buy rating and a $17 price target. Earlier in the year, on February 23, Stifel maintained its buy rating with a $16 target. The analyst consensus remains broadly positive, with a buy recommendation prevailing among covering analysts.
Bottom Line
DA Davidson's reiteration of its buy rating on DNOW with a $17 target highlights ongoing confidence in the company's prospects. Investors often watch analyst ratings closely for insights into potential stock performance. While these are backward-looking assessments, they can provide useful context for understanding market sentiment.
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