William Blair analyst Maggie Nolan has maintained their bullish stance on CDW stock, giving a Buy rating yesterday.
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Maggie Nolan’s rating is based on CDW’s ability to navigate a complex demand environment while still achieving growth in key areas. Despite missing consensus revenue estimates, CDW exceeded expectations in terms of margin and profitability, showcasing effective management and operational strength.
Moreover, the company’s strong performance in the SMB sector, with a notable year-over-year growth, and the continued demand for professional and managed services, contributed to the positive outlook. The stability in software and netcomm growth, along with the anticipated demand for AI PCs, further supports the Buy rating as these factors indicate potential for sustained growth.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $200.00 price target.