01:40 PM EDT, 05/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We cut our 12-month price target to $186 from $218, based on 18x our 2026 EPS view of $10.35, below the company's three-year average multiple. Our EPS forecasts are revised down to $9.75 for 2025 (from $10.00) and $10.35 for 2026 (from $10.91), reflecting a more measured pace of recovery. While Q1 results showed encouraging signs of commercial market stabilization with customers deploying IT budgets more actively, spending remains selective and focused on mission-critical projects. Multiple tailwinds including Windows 10 expiration-driven device upgrades, improving server demand, and strength in health care and education verticals support a gradually improving outlook through 2025. However, we remain cautious until broader macroeconomic conditions stabilize and IT spending sentiment shows consistent improvement across all segments. CDW's diversified customer base, variable cost structure, and strategic focus on high-growth solution areas position it well for long-term success despite near-term headwinds.