Why Is CDW CORP (CDW) Stock Up Today?

CDW stock is up 6.60% to $140.58 on August 25, driven by a strong earnings report and a recent price target increase from Morgan Stanley. The stock opened at $131.88 and climbed steadily throughout the session, reaching a high of $140.71 at 12:30 PM ET. The rally comes amid broader market optimism, with the Dow Jones hitting record highs and investor attention turning to technology sector performance.

What Happened

CDW reported Q2 adjusted earnings per share of $2.91, exceeding the $2.80 estimate, and revenue of $6.572 billion, surpassing the $6.206 billion forecast. These results signaled strong operational performance and helped lift investor confidence. In addition, Morgan Stanley maintained its Overweight rating on CDW and raised its price target to $171, reinforcing a positive outlook for the stock. The company also announced Albert J. Miralles, the CFO, will retire next year, which may prompt leadership changes and strategic shifts. CDW is scheduled to participate in the Citi 2026 Global TMT Conference, offering further visibility for the company.

What The Data Shows

The stock has traded between $97.12 and $171.55 over the past 52 weeks, with today’s move bringing it closer to its all-time high. The intraday session saw volume of 0.5 million shares, or 0.3 times the 3-month daily average. The stock’s fundamentals include a market cap of $17.2 billion, a P/E ratio of 15.9, and a revenue growth of 7.4% in the trailing twelve months. Insiders have been active recently, with $2.0 million in buys and $3.7 million in sales reported over the last 90 days. Meanwhile, retail traders have shown mixed sentiment, with the 30-day average at 53/100 and the 7-day average at 49/100.

What To Watch

Investors will want to monitor the company’s leadership transition and its impact on strategy. The 52-week tape showed 46 fresh 52-week highs and 3 lows on August 25, indicating strong momentum. The next key event is the Citi 2026 Global TMT Conference, where CDW will present.