Movement Alert｜CDW Rises 5.92% in Regular Trading, Morgan Stanley Upgrades to Overweight with Target Price of $170

Market Focus06-24

On June 24, CDW Corporation rose 5.92% in regular trading, trading at $130.81/share, with turnover of $132 million. The rally was driven by Morgan Stanley upgrading CDW from Equal Weight to Overweight.

Morgan Stanley raised its target price on CDW from $142 to $170, implying approximately 30% upside from current levels. The firm cited robust enterprise server demand and the ongoing AI on-premise deployment trend as key tailwinds for CDW, noting the company is well-positioned as a leading multi-brand IT solutions provider to benefit from the accelerating server market. In the same report, Morgan Stanley also raised target prices on IBM, Dell, and Synnex, reflecting broad optimism across the server and IT distribution ecosystem.

Within the Technology Distributors sector, the broader group traded actively. Among individual stocks, Synnex up 3.74%, Creative Global Technology Holdings Limited up 22.85%, Arrow Electronics down 1.73%, Ingram Micro Holding Corp. up 1.55%, Avnet down 1.25%.

(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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