JPMorgan has revised its price target for CDW Corporation (CDW, Financial), reducing it from $222 to $175, while maintaining a Neutral rating on the stock. This decision comes as the firm reassesses its hardware and networking projections to better account for the impact of current economic uncertainties, including ongoing tariff-related challenges.
The investment bank now anticipates a more widespread economic slowdown, which is expected to reduce demand across various customer sectors. This includes anticipated lower spending from consumers, enterprises, and telecom firms as they navigate the uncertain macroeconomic landscape. JPMorgan's updated estimates reflect these conditions, indicating a cautious outlook on CDW's future performance in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for CDW Corp (CDW, Financial) is $212.67 with a high estimate of $250.00 and a low estimate of $160.00. The average target implies an upside of 42.95% from the current price of $148.77. More detailed estimate data can be found on the CDW Corp (CDW) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, CDW Corp's (CDW, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CDW Corp (CDW, Financial) in one year is $191.35, suggesting a upside of 28.62% from the current price of $148.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CDW Corp (CDW) Summary page.