Citigroup Forecasts Strong Price Appreciation for CDW (NASDAQ:CDW) Stock

CDW (NASDAQ:CDW) had its price target raised by analysts at Citigroup from $150.00 to $170.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Citigroup‘s price objective would suggest a potential upside of 8.28% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Barclays cut their target price on CDW from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Monday, September 21st. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Finally, Morgan Stanley boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CDW presently has an average rating of “Moderate Buy” and a consensus target price of $167.38.

CDW Price Performance

CDW stock traded down $1.39 during mid-day trading on Thursday, reaching $157.00. The company’s stock had a trading volume of 1,507,555 shares, compared to its average volume of 1,536,841. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $148.73 and its two-hundred day moving average is $133.76. CDW has a fifty-two week low of $97.12 and a fifty-two week high of $172.47. The stock has a market cap of $19.63 billion, a PE ratio of 18.32, a P/E/G ratio of 1.97 and a beta of 0.92.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $2.98 by $0.28. CDW had a return on equity of 50.61% and a net margin of 4.60%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts expect that CDW will post 10.33 EPS for the current year.

Institutional Trading of CDW

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in CDW during the 2nd quarter worth approximately $2,143,082,000. Pzena Investment Management LLC grew its position 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 worth $429,780,000 after buying an additional 714,565 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of CDW in the 2nd quarter valued at approximately $300,073,000. Alyeska Investment Group L.P. raised its holdings in shares of CDW by 197.1% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider’s stock valued at $260,880,000 after purchasing an additional 1,230,517 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in CDW in the second quarter valued at $255,058,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW News Roundup

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

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.