CDW (CDW) Stock Forecast & Price Target

$218.31

-2.87 (-1.30%)

(As of 10/18/2024 ET)

CDW - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
3

Buy
4

Based on 7 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 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for CDW.

Consensus Price Target

$255.00
16.81% Upside

According to the 7 analysts' twelve-month price targets for CDW, the average price target is $255.00. The highest price target for CDW is $300.00, while the lowest price target for CDW is $216.00. The average price target represents a forecasted upside of 16.81% from the current price of $218.31.

CDW Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$255.00	$254.63	$251.11	$214.30
Forecasted Upside	16.81% Upside	13.02% Upside	8.00% Upside	6.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	16.81% Upside	1,279.80% Upside	6.19% Upside
News Sentiment Rating	Positive News See Recent CDW News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/1/2024	Citigroup 3 of 5 stars	A. Merchant Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$250.00 ➝ $245.00	+8.26%
8/1/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$232.00 ➝ $229.00	+6.28%
7/17/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$250.00 ➝ $260.00	+9.35%
6/7/2024	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Housum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$270.00	+21.73%
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$280.00 ➝ $265.00	+22.81%
3/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$250.00 ➝ $300.00	+17.55%
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12/12/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$216.00	+0.13%
10/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$237.00	+17.92%
8/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $220.00	+11.68%
5/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$200.00 ➝ $185.00	+13.06%
5/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$195.00 ➝ $190.00	+15.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:44 AM 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 Sunday, October 13, 2024. 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. has a strong track record of consistent dividend payments, offering investors a reliable income stream. The current dividend yield of 1.11% provides a steady return on investment.
Analysts have set a consensus target price of $254.63 for CDW Co., indicating potential for capital appreciation from the current stock price of $226.55. This suggests a possible upside for investors.
CDW Co. operates in the information technology sector, which has shown resilience and growth potential, especially with the increasing demand for IT solutions in the digital age.
Recent analyst ratings have been positive, with a consensus rating of "Moderate Buy" and several analysts upgrading the stock to a "buy" rating, reflecting confidence in the company's performance and future prospects.
CDW Co. has a diverse range of offerings in IT solutions, including on-premise and cloud capabilities, which positions the company well to cater to a broad spectrum of client needs and adapt to changing market trends.

CDW
Bear Case

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

CDW Co.'s stock price has experienced fluctuations, with a 12-month low of $185.04 and a high of $263.37. The volatility in the stock price may pose risks for investors seeking stable returns.
The company's revenue was down 3.6% compared to the previous year, indicating a potential slowdown in growth. This decline in revenue could impact future earnings and stock performance.
CDW Co.'s debt-to-equity ratio of 2.03 is relatively high, which may raise concerns about the company's financial leverage and ability to manage debt obligations effectively.
While the dividend payout ratio is currently at 30.96%, indicating a sustainable dividend policy, investors should monitor any changes in the ratio to ensure the company maintains its dividend payments in the long term.
The beta of CDW Co. is 1.04, suggesting that the stock's price movements are closely linked to market fluctuations. Investors with a lower risk tolerance may find this level of volatility unsettling.

CDW Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for CDW is $255.00, with a high forecast of $300.00 and a low forecast of $216.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 3 hold ratings and 4 buy ratings 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 16.81% based on their 12-month stock forecasts.
: Over the previous 90 days, CDW's stock had 1 downgrade by analysts.
: CDW has been rated by research analysts at Barclays, and Citigroup in the past 90 days.
: Analysts like CDW less than other "computer and technology" companies. The consensus rating score for CDW is 2.57 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how CDW compares to other companies.

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This page (NASDAQ:CDW) was last updated on 10/20/2024 by MarketBeat.com Staff

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CDW (CDW) Stock Forecast & Price Target