CDW Corporation Price Target Increased to $29.00 by Analysts at Needham & Company (CDW)
Research analysts at Needham & Company raised their price objective on shares of CDW Corporation (NASDAQ:CDW) from $27.00 to $29.00 in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Needham & Company’s target price points to a potential upside of 26.42% from the company’s current price.
CDW has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of CDW Corporation from $26.00 to $25.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of CDW Corporation from $25.00 to $27.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of CDW Corporation in a research note to investors on Wednesday, August 7th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $26.14.
CDW Corporation (NASDAQ:CDW) traded up 4.04% on Monday, hitting $22.94. 216,006 shares of the company’s stock traded hands. CDW Corporation has a one year low of $17.38 and a one year high of $24.51. The stock’s 50-day moving average is $22.98 and its 200-day moving average is $22.16. The company has a market cap of $3.945 billion and a P/E ratio of 19.07.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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