CDW (NASDAQ:CDW) Price Target Raised to $170.00

CDW (NASDAQ:CDW) had its price objective raised by investment analysts at Citigroup from $150.00 to $170.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Citigroup‘s price target would indicate a potential upside of 7.33% from the stock’s current price.

A number of other research firms have also commented on CDW. Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Barclays cut their price target on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Finally, Morgan Stanley boosted their price objective on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.25.

CDW Trading Down 6.1%

CDW stock traded down $10.36 during midday trading on Thursday, hitting $158.39. The company had a trading volume of 2,766,391 shares, compared to its average volume of 1,828,610. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. CDW has a 52 week low of $97.12 and a 52 week high of $172.47. The stock’s 50 day moving average price is $148.23 and its 200 day moving average price is $133.47. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.96 and a beta of 0.92.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.28. CDW had a net margin of 4.60% and a return on equity of 50.61%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the business earned $2.71 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts expect that CDW will post 10.33 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Elizabeth Connelly sold 26,695 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.

Institutional Trading of CDW

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDW. BlackRock Inc. purchased a new position in CDW during the 2nd quarter valued at $2,143,082,000. Pzena Investment Management LLC raised its holdings in CDW by 27.1% in the 3rd quarter. Pzena Investment Management LLC now owns 3,353,465 shares of the information technology services provider’s stock worth $429,780,000 after purchasing an additional 714,565 shares in the last quarter. Jupiter Topco LLC bought a new position in CDW in the 2nd quarter worth $300,073,000. Alyeska Investment Group L.P. lifted its position in shares of CDW by 197.1% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider’s stock worth $260,880,000 after purchasing an additional 1,230,517 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of CDW during the 2nd quarter valued at about $255,058,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW News Summary

Here are the key news stories impacting CDW this week:

• Positive Sentiment: CDW reported third-quarter revenue of $6.75 billion, up 17.7% year over year, and adjusted EPS of $3.26, beating analyst expectations. Demand included strength in enterprise AI infrastructure and was broad-based. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
• Positive Sentiment: Management signaled low-double-digit 2026 non-GAAP EPS growth and raised its gross-profit outlook to mid- to high-single-digit growth, supporting the earnings outlook. Article: CDW Signals 2026 EPS Growth and Raises Gross Profit Outlook
• Positive Sentiment: CDW raised its quarterly dividend 7.9% to $0.68 per share. Northcoast Research also lifted its price target to $204 from $171, while Citigroup raised its target to $170 from $150. Article: CDW Raises Quarterly Dividend Article: Northcoast Research Adjusts CDW Price Target
• Negative Sentiment: Despite the earnings beat, reports flagged margin compression and rising expenses/debt as risks. Evercore ISI also removed CDW from its TAP Outperform list, and valuation concerns may be prompting caution after the sharp post-earnings advance. Article: CDW Q3 Earnings Beat Despite Margin Compression Article: Evercore ISI Removes CDW from TAP Outperform List

CDW Company Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.