CDW | 18 May 2024 | AI Stock Analysis & News

CDW Corporation’s stock price is expected to decrease by 9.0% in the short-term, but increase by 1.0% in the long-term.

Stock AI’s forecasts:
🔴 -9.0% short-term ⬇️
🟢 +1.0% long-term ⬆️

Stock AI’s (CDW) Forecast get (+5.7% Profit)

StockAI’s analysis delivers real-world results. On 08 March 2024, $CDW ($249.9), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $235.6 (🔴-5.7%). Selling CDW on this signal yielded a +5.7% profit 💰💰.

CDW-CDW Corporation News

🔴 CDW (CDW) had its price target lowered by Citigroup from $295.00 to $260.00, impacting investor sentiment negatively.
🟢 Swiss National Bank reduced its stake in CDW by 3.3% in the 4th quarter, signaling a slight decrease in institutional investor confidence.
🔴 Natixis Advisors L.P. decreased its position in CDW by 37.4% in the 4th quarter, indicating a lack of faith in the company’s future prospects.
🟢 Sumitomo Mitsui Trust Holdings Inc. raised its holdings in CDW by 8.2% during the fourth quarter, suggesting a positive outlook on the stock.
🔴 Sentry Investment Management LLC cut its holdings in CDW by 9.8% in the fourth quarter, potentially impacting the stock’s performance negatively.
🟢 Truist Financial Corp lowered its stake in CDW by 4.4% in the 4th quarter, potentially indicating a cautious approach to the stock.

CDW Corporation stock has been experiencing mixed news recently, with some institutional investors reducing their stakes in the company while others are increasing their holdings. The price target downgrade by Citigroup may have contributed to a negative sentiment among investors, leading to a potential decrease in the stock price. However, the increase in holdings by Sumitomo Mitsui Trust Holdings Inc. could signal a positive outlook for CDW stock. Overall, the mixed news could result in some volatility in the stock price in the short term, with the potential for a slight decrease followed by a modest increase in the long term. Investors should closely monitor any further developments to make informed decisions about their investments in CDW Corporation.

CDW-CDW Corporation Analyst Ratings

In recent news, analyst ratings for CDW Corporation stock have shown a mix of upgrades and downgrades. Here are some of the latest analyst ratings:

📈 Citigroup lowered the price target for CDW from $295.00 to $260.00 but maintained a buy rating on the stock.

📉 Natixis Advisors L.P. reduced their position in CDW stock by 37.4% in the fourth quarter.

📈 Sumitomo Mitsui Trust Holdings Inc. raised its holdings in CDW stock by 8.2% during the same period.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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