Movement Alert｜CDW Corporation Rises 9.86% in Regular Trading, Extending Rally Following JPMorgan Upgrade

Market Focus06-02

On June 1, CDW Corporation rose 9.86% in regular trading, reaching $137.82/share with trading volume of approximately $205 million, as the stock continued its multi-day rally.

The surge extends momentum from JPMorgan's upgrade of CDW from neutral to overweight with a price target of $130 per share. The upgrade triggered an initial 5.6% jump and subsequent gains in the following sessions. According to FactSet data, CDW carries an average analyst rating of overweight with a mean price target of $147.89, suggesting analysts broadly see further upside potential for the IT solutions provider. The stock has now recovered significantly from its 52-week low of $97.12, though it remains well below its 52-week high of $185.16.

CDW Corporation, a Fortune 500 and S&P 500 member founded in 1984, is a leading multi-brand IT solutions provider serving enterprise, government, education, and healthcare customers across the United States, United Kingdom, and Canada.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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