The Latest Analyst Ratings For CDW
Portfolio Pulse from Benzinga Insights
Analyst ratings for CDW (NASDAQ:CDW) show a mix of bullish and bearish perspectives with an average 12-month price target of $280.75, marking a 14.94% increase from the previous target. Recent actions by analysts from Citigroup, Evercore ISI Group, JP Morgan, and Barclays have raised their price targets and ratings, reflecting a positive outlook on CDW's performance. Despite a -7.72% decline in revenue growth for the last quarter of 2023, CDW demonstrates strong financial health with impressive net margin, ROE, and ROA, albeit with a high debt-to-equity ratio.
April 04, 2024 | 9:01 pm
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POSITIVE IMPACT
CDW's stock may see a positive short-term impact due to recent analyst upgrades and raised price targets, reflecting a bullish outlook despite a recent revenue decline.
The positive revisions in analyst ratings and price targets for CDW, especially with significant increases from firms like Citigroup and Evercore ISI Group, suggest a strong bullish sentiment among financial experts. This, combined with CDW's solid financial metrics such as net margin, ROE, and ROA, despite a recent revenue decline, indicates a potential for stock price appreciation in the short term. However, the high debt-to-equity ratio presents a risk factor that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100