CDW Corporation stock falls 4.58 percent after target cut

Published on 09/25/2026 at 14:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CDW Corporation stock posted Q2 2026 net sales of USD 6.6 billion, up 10 percent, while adjusted EPS rose 11.9 percent. Barclays cut its target from USD 150 to USD 148.

Makrofotografie einer grünen Leiterplatte mit goldenen Kupferleiterbahnen und Chips — CDW Corp. Makroaufnahme einer Netzwerkplatine mit goldenen Kupferleiterbahnen und Chips, ISIN US1258961002, Illustration mit AI erstellt.

CDW Corporation (ISIN US1258961002) fell 4.58 percent to USD 139.46 on Nasdaq on September 24, 2026, giving investors a sharper market signal than the latest quarterly growth figures. The move followed a difficult stretch for valuation support, including a Barclays target reduction reported on September 21, 2026.

Quarterly growth remains visible

In Q2 2026, CDW generated net sales of USD 6.6 billion, up 10 percent year over year, while non-GAAP operating income reached USD 556 million, up 7 percent. Fortune reported that non-GAAP earnings per diluted share rose 11.9 percent year over year to USD 2.91 in the quarter.

The comparison is important because gross margin moved in the opposite direction: Q2 gross margin was 20.1 percent, down 70 basis points from the prior-year quarter. CDW also reported adjusted free cash flow of USD 278 million for the first half of 2026 and net debt of USD 5.5 billion at the end of Q2, according to Fortune.

Barclays lowers its target

Barclays cut its CDW price target from USD 150 to USD 148 on September 21, 2026, while maintaining an Equal-Weight rating. MarketBeat said the revised target implied 1.24 percent upside at the price cited in its report.

The wider analyst picture remains higher than the latest Nasdaq price. Yahoo Finance listed an average target of USD 158.67, with a high of USD 171 and a low of USD 148, while the September 24 close stood at USD 139.46.

AI expansion adds a second angle

CDW announced a USD 525 million agreement to acquire Lovelytics, a data and artificial intelligence services firm. Business Wire reported that the transaction is expected to close in Q3 2026 and is not expected to have a material impact on CDW's 2026 financial results.

Stock tests its yearly range

CDW's September 24 official close of USD 139.46 on Nasdaq sat within a 52-week range of USD 97.12 to USD 167.00. Trading volume was 1,483,874 shares and market capitalization was USD 17,816,433,380 on September 24, 2026, putting the stock 16.47 percent below its 52-week high.