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

Key Points

• JPMorgan raised its CDW price target to $195 from $170 and maintained an “overweight” rating, implying 23.11% upside from the prior close.
• CDW reported quarterly EPS of $3.26 and revenue of $6.75 billion, beating analyst estimates; revenue grew 17.7% year over year.
• Analyst views are mixed: MarketBeat lists CDW at a “Moderate Buy” consensus, while the stock fell $10.36 to $158.39 in Thursday midday trading.

CDW (NASDAQ:CDW - Get Free Report) had its price target boosted by JPMorgan Chase & Co. from $170.00 to $195.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the information technology services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 23.11% from the company's previous close.

Other analysts have also issued research reports about the company. Citigroup upped their target price on CDW from $150.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday. Barclays lowered their price objective on shares of CDW from $150.00 to $148.00 and set an "equal weight" rating on the stock in a research note on Monday, September 21st. Morgan Stanley raised their target price on shares of CDW from $170.00 to $171.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised 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 issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, CDW has an average rating of "Moderate Buy" and a consensus price target of $161.38.

CDW Price Performance

Shares of CDW stock traded down $10.36 during midday trading on Thursday, reaching $158.39. 2,766,757 shares of the company traded hands, compared to its average volume of 1,832,869. The firm's 50 day simple moving average is $148.23 and its two-hundred day simple moving average is $133.47. The firm has a market cap of $19.80 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. 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 results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.28. CDW had a return on equity of 50.61% and a net margin of 4.60%. The business had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter in the prior year, the firm posted $2.71 EPS. The company's revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts expect that CDW will post 10.33 EPS for the current fiscal year.

Insider Buying and Selling at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the firm's stock in a transaction 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 sale, the insider owned 34,215 shares in the company, valued at $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CDW

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in CDW in the 2nd quarter worth approximately $2,143,082,000. Pzena Investment Management LLC raised its stake in shares of CDW by 27.1% during the third quarter. Pzena Investment Management LLC now owns 3,353,465 shares of the information technology services provider's stock valued at $429,780,000 after purchasing an additional 714,565 shares during the period. Jupiter Topco LLC purchased a new stake in shares of CDW during the second quarter valued at approximately $300,073,000. Alyeska Investment Group L.P. lifted its position in shares of CDW by 197.1% during the second 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 in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of CDW during the second quarter worth $255,058,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

More CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: CDW reported third-quarter adjusted earnings of $3.26 per share and revenue of $6.75 billion, ahead of analyst estimates; revenue grew 17.7% year over year. Management cited broad demand, including AI infrastructure spending, and signaled low-double-digit 2026 adjusted EPS growth. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
• Positive Sentiment: Northcoast Research raised its price target to $204 from $171, while Citigroup lifted its target to $170 from $150, providing potential support from analyst revisions. Article: Northcoast Research Adjusts CDW Price Target Article: Citigroup Adjusts CDW Price Target
• Positive Sentiment: The company raised its quarterly dividend 7.9% to $0.68 per share, an annualized $2.72. Article: CDW Raises Quarterly Dividend
• Neutral Sentiment: Citigroup’s higher target still comes with a “neutral” rating, suggesting the firm sees upside but not a compelling enough case to recommend buying. Article: Citigroup Rating and Price Target
• Negative Sentiment: Reports flagged margin compression and rising debt as risks, and Evercore ISI removed CDW from its TAP Outperform list. These concerns may be weighing on shares despite the earnings beat. Article: Q3 Beat Despite Margin Compression Article: Evercore Removes CDW from 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.

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