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CDW (CDW) Stock Forecast & Price Target

CDW logo
$202.79 +9.80 (+5.08%)
(As of 11/6/2024 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

Sell
0
Hold
4
Buy
3

Based on 7 Wall Street analysts who have issued ratings for CDW in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for CDW.

Consensus Price Target

$246.71
21.66% Upside
According to the 7 analysts' twelve-month price targets for CDW, the average price target is $246.71. The highest price target for CDW is $300.00, while the lowest price target for CDW is $201.00. The average price target represents a forecasted upside of 21.66% from the current price of $202.79.
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CDW Analyst Ratings Over Time

TypeCurrent Forecast
11/7/23 to 11/6/24
1 Month Ago
10/8/23 to 10/7/24
3 Months Ago
8/9/23 to 8/8/24
1 Year Ago
11/7/22 to 11/7/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
4 Hold rating(s)
3 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$246.71$255.00$254.63$213.20
Forecasted Upside21.66% Upside15.65% Upside19.93% Upside2.50% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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CDW Stock vs. The Competition

TypeCDWComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.43
2.67
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside21.66% Upside322.23% Upside7.32% Upside
News Sentiment Rating
Neutral News

See Recent CDW News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/31/2024Barclays
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$229.00 ➝ $201.00+6.03%
10/28/2024JPMorgan Chase & Co.
3 of 5 stars
 DowngradeOverweight ➝ Neutral$260.00 ➝ $235.00+8.29%
10/1/2024Citigroup
3 of 5 stars
A. Merchant
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DowngradeBuy ➝ Neutral$250.00 ➝ $245.00+8.26%
7/17/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$250.00 ➝ $260.00+9.35%
6/7/2024Northcoast Research
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K. Housum
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UpgradeNeutral ➝ Buy$270.00+21.73%
3/22/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$250.00 ➝ $300.00+17.55%
12/12/2023Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$216.00+0.13%
10/3/2023UBS Group
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 Initiated CoverageBuy$237.00+17.92%
8/3/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $220.00+11.68%
5/4/2023Bank of America
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 Lower Target$200.00 ➝ $185.00+13.06%
5/4/2023Credit Suisse Group
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 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 Thursday at 12:56 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 Saturday, October 26, 2024. Please send any questions or comments about these CDW pros and cons to contact@marketbeat.com.

CDW
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 $246.71, with a high forecast of $300.00 and a low forecast of $201.00.

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CDW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDW, but not buy additional shares or sell existing shares.

According to analysts, CDW's stock has a predicted upside of 21.66% based on their 12-month stock forecasts.

Over the previous 90 days, CDW's stock had 2 downgrades by analysts.

CDW has been rated by research analysts at Barclays, Citigroup, and JPMorgan Chase & Co. in the past 90 days.

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


This page (NASDAQ:CDW) was last updated on 11/6/2024 by MarketBeat.com Staff
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