CDW (NASDAQ:CDW) Reaching An Inflection Point; Goldman Coverage Initiated as Buy

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How Goldman Currently Rates CDW (NASDAQ:CDW)

Analysts at Goldman began issuing coverage for shares of CDW (NASDAQ:CDW) in a note issued to clients on 1 December. The investment house set a Buy rating on the $7.61 billion market cap firm.

From a total of 10 analysts covering CDW (NASDAQ:CDW) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $55 while the lowest target price is $46. The mean of all analyst targets is $50 with a 9.46% above today’s ($43.98) stock price. CDW was the topic of 11 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on November 5 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $44 target share price in a report from an August 6. Barclays Capital initiated CDW stock in a recent report from October 14 with “Overweight” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a September 6.

Approximately 269,809 shares of stock traded hands. CDW Corp (NASDAQ:CDW) has risen 11.46% since April 28, 2015 and is uptrending. It has outperformed by 13.09% the S&P500.

CDW Corporation is a provider of integrated information technology (IT) solutions in the United States and Canada. The company has a market cap of $7.61 billion. The Company’s offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. It has 20.7 P/E ratio. The Firm offers products for Corporate and Public.

According to Zacks Investment Research, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois.” Get a free copy of the Zacks research report on CDW Corp (CDW)

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