CDW (CDW) Stock Forecast & Price Target

Q: What analysts cover CDW?

CDW has been rated by research analysts at Barclays , Citigroup , Morgan Stanley , and Weiss Ratings in the past 90 days.

$135.43 -4.03 (-2.89%)

Closing price 09/25/2026 04:00 PM Eastern

Extended Trading

$136.93 +1.50 (+1.11%)

As of 09/25/2026 07:49 PM Eastern

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CDW - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

Based on 9 Wall Street analysts who have issued ratings for CDW in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 3 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for CDW.

Consensus Price Target

$150.13
10.85% Upside

According to the 9 analysts' twelve-month price targets for CDW, the average price target is $150.13. The highest price target for CDW is $180.00, while the lowest price target for CDW is $130.00. The average price target represents a forecasted upside of 10.85% from the current price of $135.43.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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CDW Analyst Ratings Over Time

Type	Current Forecast 9/27/25 to 9/27/26	1 Month Ago 8/28/25 to 8/28/26	3 Months Ago 6/29/25 to 6/29/26	1 Year Ago 9/27/24 to 9/27/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$150.13	$147.00	$144.13	$202.00
Forecasted Upside	10.85% Upside	-0.47% Downside	3.08% Upside	22.89% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

CDW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CDW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CDW Stock vs. The Competition

Type	CDW	Technology Companies	Broader Market
Consensus Rating Score	2.78	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	10.85% Upside	370.53% Upside	19.20% Upside
News Sentiment Rating	Neutral News See Recent CDW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/21/2026	Barclays 3 of 5 stars	Guy Hardwick Not Rated	Lower Target	Equal Weight	$150.00 ➝ $148.00	+1.24%
8/25/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C-) ➝ Hold (C)
8/6/2026	Morgan Stanley 3 of 5 stars	Erik Woodring 5 of 5 stars	Boost Target	Overweight	$170.00 ➝ $171.00	+20.77%
7/13/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Asiya Merchant Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$123.00 ➝ $145.00	+0.42%
5/27/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform	$130.00	+19.72%
5/27/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Samik Chatterjee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$130.00	+19.72%
5/7/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Vogt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$162.00 ➝ $147.00	+32.50%
5/6/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$150.00	+36.79%
1/20/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Amit Daryanani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$180.00	+42.08%
11/15/2024	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Harry Read Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$230.00	+27.23%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:46 PM ET.

Should I Buy CDW Stock? CDW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 23, 2026. Please send any questions or comments about these CDW pros and cons to contact@marketbeat.com.

CDW
Bull Case

Here are some ways that investors could benefit from investing in CDW Co.:

CDW Co. recently completed a $1.5 billion senior notes offering in September 2026, which provides the company with substantial liquidity to fund its aggressive expansion into high-growth areas such as artificial intelligence and data services, including the recent $525 million acquisition of Lovelytics to bolster its AI capabilities.
The company demonstrated strong fundamental performance in its most recent quarter, reporting earnings per share of $2.91, which exceeded the consensus estimate of $2.80, alongside revenue of $6.57 billion that beat expectations of $6.21 billion, indicating robust demand for its technology solutions and services.
With the current stock price at $146.16, CDW Co. offers a dividend yield of 1.71%, providing investors with a steady income stream while the company maintains a moderate payout ratio of 30.29%, suggesting that the dividend is well-covered by earnings and sustainable for the future.
Institutional investors have shown renewed confidence in the company, with major firms like Bank of America acquiring over 1.8 million new shares and Nykredit A S adding nearly 40,000 shares in the second quarter, signaling that large capital allocators view CDW Co. as a stable and attractive investment in the technology sector.
CDW Co. is positioned to benefit from the growing enterprise demand for AI integration, as evidenced by its recent research on AI workplace trends and its strategic focus on helping clients move from AI experimentation to production, which aligns with the broader market trend of organizations seeking to realize business value from artificial intelligence.

CDW
Bear Case

Investors should be bearish about investing in CDW Co. for these reasons:

Analyst sentiment has cooled significantly, with the consensus price target dropping from over $186 in late 2025 to $147 in September 2026, and recent downgrades from firms like Barclays and Citigroup suggesting that the stock may be overvalued relative to its current growth trajectory.
The company's debt-to-equity ratio stands at 1.97, which is relatively high and indicates that CDW Co. relies heavily on borrowed funds to finance its operations and acquisitions, potentially increasing financial risk if interest rates remain elevated or if revenue growth slows.
Short interest in CDW Co. has increased to approximately 9.09 million shares as of August 2026, representing about 7.33% of the float, which suggests that a significant portion of the market is betting against the stock's future performance, potentially leading to volatility if these positions are unwound.
Despite recent earnings beats, the stock has experienced significant volatility and underperformance relative to the S&P 500 over the past year, with the share price falling from a 52-week high of $167.00 to the current level of $146.16, indicating that investors are concerned about the company's ability to sustain its growth momentum.
CDW Co. faces intense competition in the technology distribution and services market, and its reliance on hardware sales, which are subject to cyclical demand and pricing pressures, could limit its ability to maintain high profit margins, especially as customers increasingly shift towards cloud-based solutions that may have lower margins for distributors.

CDW Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for CDW is $150.13, with a high forecast of $180.00 and a low forecast of $130.00.

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CDW shares.

According to analysts, CDW's stock has a predicted upside of 10.85% based on their 12-month stock forecasts.

Over the previous 90 days, CDW's stock had 1 upgrade by analysts.

CDW has been rated by research analysts at Barclays, Citigroup, Morgan Stanley, and Weiss Ratings in the past 90 days.

Analysts like CDW more than other "technology" companies. The consensus rating for CDW is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how CDW compares to other companies.

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MarketBeat monitors more than a dozen sources for CDW analyst ratings, with the most recent rating issued on 9/21/2026.

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CDW (CDW) Stock Forecast & Price Target