CDW

CDW Corp

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179.940

-2.24(-1.230%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

182.740

Open

182.740

VWAP

180.53

Vol

854.89K

Mkt Cap

23.70B

Low

178.730

Amount

154.33M

EV/EBITDA(TTM)

14.09

Total Shares

131.69M

28.86B

EV/OCF(TTM)

25.67

P/S(TTM)

1.14

CDW Corporation is a multi-brand provider of information technology (IT) solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The Company’s array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premises and cloud capabilities across hybrid infrastructure, digital experience and security. The Company operates through three segments: Corporate, Small Business and Public. The Corporate segment primarily serves United States private sector business customers. The Small Business segment primarily serves United States private sector business customers. The Public segment comprises government agencies and education and healthcare institutions in the United States. The Company’s solutions are delivered in physical, virtual and cloud-based environments. The Company provides integrated IT solutions in more than 150 countries.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

5.31B

+2.31%

2.506

+1.05%

5.60B

+1.53%

2.614

-0.61%

5.51B

+1.64%

2.491

-0.36%

Estimates Revision

The market is revising Upward the revenue expectations for CDW Corporation (CDW) for FY2025, with the revenue forecasts being adjusted by 1.23% over the past three months. During the same period, the stock price has changed by 10.80%.

Revenue Estimates for FY2025

Revise Upward

+1.23%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+1.06%

In Past 3 Month

Stock Price

Go Up

+10.80%

In Past 3 Month

8 Analyst Rating

14.72% Upside

Wall Street analysts forecast CDW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDW is 206.43 USD with a low forecast of 200.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

3 Hold

0 Sell

Moderate Buy

14.72% Upside

Current: 179.940

Low

200.00

Averages

206.43

High

215.00

14.72% Upside

Current: 179.940

Low

200.00

Averages

206.43

High

215.00

JPMorgan

Samik Chatterjee

Neutral

maintain

$185 -> $205

2025-07-17

Reason

JPMorgan

Samik Chatterjee

Price Target

$185 -> $205

2025-07-17

maintain

Neutral

Reason

JPMorgan analyst Samik Chatterjee raised the firm's price target on CDW to $205 from $185 and keeps a Neutral rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from "robust" cloud spending. However, underlying end market drivers for other customer verticals "remain a watchpoint" as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.

Citi

Neutral

maintain

$180 -> $200

2025-07-11

Reason

Citi

Price Target

$180 -> $200

2025-07-11

maintain

Neutral

Reason

Citi raised the firm's price target on CDW to $200 from $180 and keeps a Neutral rating on the shares. The firm is positive CDW into the Q2 report based on a positive read-through from TD Synnex's upside results. It cites an uncertain recovery pace for the Neutral rating.

Citi

Asiya Merchant

Neutral

maintain

$160 -> $180

2025-05-08

Reason

Citi

Asiya Merchant

Price Target

$160 -> $180

2025-05-08

maintain

Neutral

Reason

Citi analyst Asiya Merchant raised the firm's price target on CDW to $180 from $160 and keeps a Neutral rating on the shares. The company's Q1 results beat by 5% on revenue on better than expected underlying demand across its verticals and pull forward in client devices, the analyst tells investors in a research note. The firm believes expectations "are set prudently" and demand inflections could drive more upside, but remains on the sidelines given potential for macro and tariffs "that could temper the pace of recovery."

Barclays

Equal Weight

downgrade

$223 -> $205

2025-05-08

Reason

Barclays

Price Target

$223 -> $205

2025-05-08

downgrade

Equal Weight

Reason

Barclays lowered the firm's price target on CDW to $205 from $223 and keeps an Equal Weight rating on the shares. The company delivered a solid Q1 with revenue and earnings above expectations, likely aided by demand pull-forward, the analyst tells investors in a research note.

Morgan Stanley

Overweight

maintain

$171 -> $200

2025-05-08

Reason

Morgan Stanley

Price Target

$171 -> $200

2025-05-08

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on CDW to $200 from $171 and keeps an Overweight rating on the shares. Q1 revenue and EPS beat MS estimates by 7% and 10%, respectively, and despite the Q1 outperformance and continued demand strength in April, management maintained "conservative" calendar 2025 guidance, which the firm says "raises the odds of beat/raises."

UBS

Buy

downgrade

$236 -> $210

2025-05-08

Reason

UBS

Price Target

$236 -> $210

2025-05-08

downgrade

Buy

Reason

UBS lowered the firm's price target on CDW to $210 from $236 and keeps a Buy rating on the shares. CDW showed few signs of an incremental tariff disruption, but the outlook prudently embeds some risk, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for CDW Corp (CDW.O) is 18.58, compared to its 5-year average forward P/E of 19.89. For a more detailed relative valuation and DCF analysis to assess CDW Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

19.89

Current PE

18.58

Overvalued PE

22.29

Undervalued PE

17.50

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

14.72

Current EV/EBITDA

13.84

Overvalued EV/EBITDA

16.17

Undervalued EV/EBITDA

13.26

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.14

Current PS

1.10

Overvalued PS

1.31

Undervalued PS

0.97