William Blair analyst Maggie Nolan has maintained their bullish stance on CDW stock, giving a Buy rating yesterday.
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Maggie Nolan has given her Buy rating due to a combination of factors that highlight CDW’s strong performance and future potential. The company reported impressive second-quarter results, surpassing consensus estimates in both revenue and earnings, despite facing challenges in the public sector. This performance was driven by a significant increase in net sales and gross profit, supported by robust growth in hardware and software segments.
Moreover, CDW’s management has reaffirmed its 2025 growth outlook, projecting growth rates above the overall IT spending growth. This outlook is seen as cautious yet promising, with potential for upside, particularly as the company continues to benefit from the ongoing refresh cycle. Additionally, while some sectors like education faced declines, the corporate segment showed notable strength, further supporting the positive outlook for CDW’s stock.
In another report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $215.00 price target.