JPMorgan analyst Samik Chatterjee raised the firm’s price target on CDW (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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDW:
- CDW: Hold Rating Amid Strong Execution and Macroeconomic Uncertainties
- CDW price target raised to $200 from $180 at Citi
- CDW, Asato announces strategic partnership
- Trump administration targets tech firms, cuts more contracts, WSJ says
- CDW Corporation Holds Annual Stockholders Meeting