CDW gains after Morgan Stanley raises to 'overweight' on strong server demand

CDW

23/06/2026 13:05

** Shares of IT solutions provider CDW CDW.O rise ~4% to $128.54 premarket
** Morgan Stanley upgrades to "overweight" from "equal-weight;" raises PT to $170 from $142
** New PT implies a 37.6% upside to the stock's last close
** Brokerage believes market is underestimating server revenue growth in 2026 and 2027
** Over 20% of CDW's revenue comes from servers, storage and networking, where demand trends are stronger than we previously modeled - Morgan Stanley
** Average rating of 12 analysts is "buy;" their median PT is $147 - data compiled by LSEG
** Up to last close, stock down 9.3% so far this year

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))