UBS Group Issues Positive Forecast for CDW (NASDAQ:CDW) Stock Price

Key Points

• UBS raised its price target on CDW to $195 from $159 and maintained a Buy rating, implying 23.1% upside from the prior close.
• CDW beat quarterly estimates, reporting earnings of $3.26 per share and revenue of $6.75 billion; revenue increased 17.7% year over year.
• Shares fell 6.1% on Thursday to $158.39. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $167.38.

CDW (NASDAQ:CDW - Get Free Report) had its price objective boosted by equities researchers at UBS Group from $159.00 to $195.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the information technology services provider's stock. UBS Group's price objective suggests a potential upside of 23.11% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised their price objective on CDW from $170.00 to $171.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Citigroup lifted their price target on shares of CDW from $150.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays dropped 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CDW from $170.00 to $195.00 and gave the stock an "overweight" rating in a research note on Thursday. One 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 stock. According to data from MarketBeat.com, CDW presently has an average rating of "Moderate Buy" and a consensus target price of $167.38.

CDW Stock Down 6.1%

Shares of NASDAQ:CDW traded down $10.36 during trading on Thursday, hitting $158.39. The stock had a trading volume of 2,766,757 shares, compared to its average volume of 1,832,869. CDW has a 12 month low of $97.12 and a 12 month high of $172.47. The company has a market capitalization of $19.80 billion, a PE ratio of 19.04, a PEG ratio of 1.96 and a beta of 0.92. The firm's fifty day moving average is $148.23 and its 200 day moving average is $133.47. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.97.

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, beating the consensus estimate of $2.98 by $0.28. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.19 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%. The firm's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. Analysts anticipate that CDW will post 10.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were 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 represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On CDW

Institutional investors and hedge funds have recently made changes to their positions in the company. Union Savings Bank lifted its position in CDW by 500.0% in the 3rd quarter. Union Savings Bank now owns 192 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Allied Private Wealth LLC bought a new stake in shares of CDW in the 2nd quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of CDW in the 2nd quarter worth $28,000. Manchester Capital Management LLC raised its stake in shares of CDW by 10,200.0% in the third quarter. Manchester Capital Management LLC now owns 206 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in shares of CDW by 2,550.0% in the third quarter. Valued Wealth Advisors LLC now owns 212 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 204 shares during the last quarter. 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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