CDW (NASDAQ:CDW) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CDW (NASDAQ:CDW) had its price target raised by analysts at JPMorgan Chase & Co. from $170.00 to $195.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.20% from the company’s current price.

Several other brokerages also recently issued reports on CDW. Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Morgan Stanley boosted their price target on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Barclays dropped their price objective on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. Finally, Citigroup lifted their price objective on shares of CDW from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.38.

CDW Stock Down 0.9%

CDW stock traded down $1.39 during mid-day trading on Thursday, reaching $157.00. The company had a trading volume of 1,507,555 shares, compared to its average volume of 1,536,841. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $148.73 and a two-hundred day simple moving average of $133.76. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.97 and a beta of 0.92. CDW has a 52 week low of $97.12 and a 52 week high of $172.47.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.28. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.19 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 EPS. As a group, equities analysts predict that CDW will post 10.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CDW

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aberdeen Group plc boosted its holdings in shares of CDW by 69.9% during the 3rd quarter. Aberdeen Group plc now owns 229,912 shares of the information technology services provider’s stock valued at $29,466,000 after acquiring an additional 94,618 shares in the last quarter. Allworth Financial LP increased its holdings in CDW by 1,902.0% in the 3rd quarter. Allworth Financial LP now owns 23,584 shares of the information technology services provider’s stock worth $3,023,000 after purchasing an additional 22,406 shares in the last quarter. Russell Investments Group Ltd. raised its position in CDW by 324.4% in the third quarter. Russell Investments Group Ltd. now owns 235,940 shares of the information technology services provider’s stock valued at $30,255,000 after purchasing an additional 180,344 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its position in CDW by 1,257.7% in the third quarter. Eurizon Capital SGR S.p.A. now owns 183,264 shares of the information technology services provider’s stock valued at $23,487,000 after purchasing an additional 169,766 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in CDW by 100.4% in the third quarter. CENTRAL TRUST Co now owns 958 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 480 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Key Stories Impacting CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Q3 results beat expectations. CDW reported adjusted EPS of $3.26 versus the $2.98 consensus and revenue of $6.75 billion versus $6.19 billion, with sales up 17.7% year over year. The company also raised its gross-profit outlook and signaled low-double-digit 2026 adjusted EPS growth. CDW sees double-digit growth in third quarter
• Positive Sentiment: Analysts raised price targets. JPMorgan and UBS moved their targets to $195, while Citigroup raised its target to $170 and maintained a neutral rating. Northcoast Research also raised its target, to $204. The upgrades reinforce optimism following the results. Citigroup target change
• Positive Sentiment: CDW increased its dividend. The quarterly payout rose 7.9% to $0.68 per share, signaling stronger shareholder returns. CDW dividend increase and risks
• Neutral Sentiment: Lovelytics acquisition adds a growth opportunity and investment cost. CDW acquired the data and analytics firm for $525 million; the deal may broaden its capabilities, but investors will assess integration and returns. Lovelytics sale to CDW
• Negative Sentiment: Financial and valuation risks remain. Commentary has flagged rising debt and shrinking margins, while questions about whether the shares already reflect strong results could limit upside. Evercore ISI also removed CDW from its TAP Outperform list. CDW valuation, results and Lovelytics deal

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.