CDW (NASDAQ:CDW) Given New $170.00 Price Target at Citigroup

Key Points

• Citigroup raised its CDW price target to $170 from $150 but kept a neutral rating; the new target implied 7.33% upside from the prior close.
• CDW reported quarterly EPS of $3.26 and revenue of $6.75 billion, beating analyst estimates; revenue rose 17.7% year over year, with demand strength including enterprise AI infrastructure.
• Shares fell 6.1% to $158.39 in Thursday trading. Analysts’ average rating was Moderate Buy, with a consensus price target of $153.25.

CDW (NASDAQ:CDW - Get Free Report) had its price objective raised by equities researchers 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 objective points to a potential upside of 7.33% from the stock's previous close.

CDW has been the subject of several other research reports. Barclays reduced their target price on shares of CDW from $150.00 to $148.00 and set an "equal weight" rating for the company in a research note on Monday, September 21st. Morgan Stanley raised their price target 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. Finally, Weiss Ratings upgraded shares of CDW from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, CDW currently has an average rating of "Moderate Buy" and a consensus target price of $153.25.

CDW Stock Down 6.1%

Shares of NASDAQ:CDW traded down $10.36 during trading on Thursday, reaching $158.39. 2,766,391 shares of the stock were exchanged, compared to its average volume of 1,828,610. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The stock has a fifty day moving average of $148.23 and a two-hundred day moving average of $133.47. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. CDW has a 1-year low of $97.12 and a 1-year high of $172.47.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.28. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.19 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $2.71 earnings per share. Research analysts anticipate that CDW will post 10.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares in the company, valued at $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On CDW

A number of hedge funds have recently modified their holdings of the stock. Kendall Capital Management purchased a new stake in CDW in the second quarter worth approximately $3,584,000. Man Group plc purchased a new position in CDW in the 2nd quarter worth $1,262,000. Raiffeisen Bank International AG lifted its stake in CDW by 17,453.5% in the second quarter. Raiffeisen Bank International AG now owns 15,096 shares of the information technology services provider's stock worth $2,111,000 after purchasing an additional 15,010 shares during the last quarter. Pzena Investment Management LLC bought a new stake in CDW in the second quarter worth $371,135,000. Finally, Jupiter Topco LLC bought a new stake in CDW in the second quarter worth $300,073,000. Institutional investors own 93.15% of the company's stock.

Key Headlines Impacting CDW

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

About CDW

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.

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