CDW (NASDAQ:CDW) Stock, Quote.Headers.trade-ideas

CDW Corp is a multi-brand provider of information technology ("IT") solutions to small, medium, and large business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's broad array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. The company has three operating segments namely, Corporate, Small Business, and Public. The Corporate segment generates the majority of its revenue and primarily serves US private sector business customers with more than 250 employees.

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CDW HOLDING LTD ORD NEW by CDW Holding Limited

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CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) has outperformed the market over the past 10 years by 11.32% on an annualized basis producing an average annual return of 22.03%. Currently, CDW has a market capitalization of $30.93 billion. 
Buying $1000 In CDW: If an investor had bought $1000 of CDW stock 10 years ago, it would be worth $7,353.39 today based on a price of $230.15 for CDW at the time of writing.
<h3>CDW's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721835017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $1000 Invested In CDW 10 Years Ago Would Be Worth Today

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated CDW and provided 12-month price targets. The average target is $256.17, accompanied by a high estimate of $270.00 and a low estimate of $232.00. This current average represents a 5.19% decrease from the previous average price target of $270.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1721224851_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of CDW's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$260.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Keith Housum</td>
<td>Northcoast Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$270.00</td>
<td>-</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$260.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$250.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$265.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Mark Moskowitz</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$232.00</td>
<td>$261.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CDW. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CDW compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for CDW's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of CDW's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CDW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CDW analyst ratings.</a>
<h2>All You Need to Know About CDW</h2>
CDW Corp is a multi-brand provider of information technology ("IT") solutions to small, medium, and large business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's broad array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. The company has three operating segments namely, Corporate, Small Business, and Public. The Corporate segment generates the majority of its revenue and primarily serves US private sector business customers with more than 250 employees.
<h3>CDW: Delving into Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining CDW's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -4.51% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: CDW's net margin is impressive, surpassing industry averages. With a net margin of 4.43%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 10.34%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): CDW's ROA stands out, surpassing industry averages. With an impressive ROA of 1.63%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: CDW's debt-to-equity ratio stands notably higher than the industry average, reaching 2.71. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What 6 Analyst Ratings Have To Say About CDW

Stifel analyst Matthew Sheerin maintains CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) with a Buy and raises the price target from $250 to $260.

Price Target

Stifel Maintains Buy on CDW, Raises Price Target to $260

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) has outperformed the market over the past 10 years by 10.61% on an annualized basis producing an average annual return of 21.34%. Currently, CDW has a market capitalization of $30.18 billion. 
Buying $100 In CDW: If an investor had bought $100 of CDW stock 10 years ago, it would be worth $694.80 today based on a price of $224.54 for CDW at the time of writing.
<h3>CDW's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719847812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In CDW 10 Years Ago Would Be Worth This Much Today

CrowdStrike (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) stock is trending as of Wednesday morning. The company announced it passed $1 billion in total sales over the course of its partnership <a href="https://www.benzinga.com/quote/CRWD">with CDW Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>)</a>.
What To Know: CrowdStrike works with CDW to provide CrowdStrike&#8217;s technology to businesses in different sectors as well as government organizations.
&#8220;From our early days, CDW has led with CrowdStrike, bringing our cutting-edge technology to a multitude of organizations. We&#8217;re thrilled to achieve such significant success with our long-standing partner CDW, and we look forward to furthering our commitment to stopping breaches together,&#8221; said chief business officer at CrowdStrike Daniel Bernard.
In addition, CrowdStrike joined the S&amp;P 500 index on Monday. The cybersecurity company replaced Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) in the index.
Analyst Changes: Lastly, several analyst have made price target adjustments in the last week.
<ul>
<li>On Tuesday, Guggenheim analyst John Difucci reiterated CrowdStrike Holdings with a Buy and maintained&nbsp;$424&nbsp;price target.</li>
<li>On Friday, Cantor Fitzgerald analyst Yi Fu Lee reiterated CrowdStrike Holdings with a Overweight and maintained&nbsp;$400&nbsp;price target.</li>
</ul>
The consensus price target for the company is currently $378.35, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Related Link: <a href="https://www.benzinga.com/insights/options/24/06/39505273/dell-technologies-unusual-options-activity">Dell Technologies Unusual Options Activity</a>
CRWD Price Action: CrowdStrike stock is trading .93% lower at $383.17 as of Wednesday morning per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shuttershock

What's Going On With CrowdStrike Stock Wednesday?

CrowdStrike Surpasses $1B in Sales With CDW Partnership; Achieves Diamond Level Partner Status

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) has outperformed the market over the past 10 years by 10.91% on an annualized basis producing an average annual return of 21.79%. Currently, CDW has a market capitalization of $31.10 billion. 
Buying $100 In CDW: If an investor had bought $100 of CDW stock 10 years ago, it would be worth $728.65 today based on a price of $231.42 for CDW at the time of writing.
<h3>CDW's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718897432_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In CDW 10 Years Ago Would Be Worth Today

8 analysts have expressed a variety of opinions on CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $269.0, with a high estimate of $300.00 and a low estimate of $232.00. Observing a 0.53% increase, the current average has risen from the previous average price target of $267.57. 
<img src="https://www.benzinga.com/files/images/story/2024/1717786871_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of CDW's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Keith Housum</td>
<td>Northcoast Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$270.00</td>
<td>-</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$260.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$250.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$265.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Mark Moskowitz</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$232.00</td>
<td>$261.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$280.00</td>
<td>$267.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$295.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$250.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to CDW. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of CDW compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for CDW's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into CDW's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CDW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CDW analyst ratings.</a>
<h2>Unveiling the Story Behind CDW</h2>
CDW Corp is a multi-brand provider of information technology ("IT") solutions to small, medium, and large business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's broad array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. The company has three operating segments namely, Corporate, Small Business, and Public. The Corporate segment generates the majority of its revenue and primarily serves US private sector business customers with more than 250 employees.
<h3>CDW's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Challenges: CDW's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -4.51%. This indicates a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: CDW's net margin excels beyond industry benchmarks, reaching 4.43%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): CDW's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 10.34%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): CDW's ROA stands out, surpassing industry averages. With an impressive ROA of 1.63%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: CDW's debt-to-equity ratio surpasses industry norms, standing at 2.71. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On CDW Through 8 Analysts

Northcoast Research analyst Keith Housum upgrades CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) from Neutral to Buy and announces $270 price target.

Upgrades

Northcoast Research Upgrades CDW to Buy, Announces $270 Price Target

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) has outperformed the market over the past 5 years by 3.43% on an annualized basis producing an average annual return of 16.89%. Currently, CDW has a market capitalization of $30.05 billion. 
Buying $100 In CDW: If an investor had bought $100 of CDW stock 5 years ago, it would be worth $225.06 today based on a price of $223.62 for CDW at the time of writing.
<h3>CDW's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717191032_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In CDW 5 Years Ago Would Be Worth This Much Today

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) has outperformed the market over the past 10 years by 12.62% on an annualized basis producing an average annual return of 23.35%. Currently, CDW has a market capitalization of $31.06 billion. 
Buying $100 In CDW: If an investor had bought $100 of CDW stock 10 years ago, it would be worth $815.72 today based on a price of $231.07 for CDW at the time of writing.
<h3>CDW's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716393697_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $800 Today

These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion, missing the consensus of $89.21 billion, and adjusted EPS of $1.31 <a href="https://www.benzinga.com//node/38549660" target="_blank" rel="noreferrer noopener">missed the consensus of $1.69m and cut FY24 guidance</a>. Several analysts <a href="https://www.benzinga.com//node/38582839" target="_blank" rel="noreferrer noopener">trimmed the price target</a>.</li>
<li>Skyworks Solutions, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares plummeted 16.8% after the company reported&nbsp;Q2&nbsp;financial results and issued&nbsp;Q3&nbsp;revenue&nbsp;guidance&nbsp;with&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38536220" rel="noreferrer noopener">the midpoint below estimates</a>. Several analysts cut the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549218" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Starbucks Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares decreased 15.2% following worse-than-expected earnings&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38534321" rel="noreferrer noopener">results for the&nbsp;second quarter of FY24</a>. Multiple analysts lowered price targets on the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549288" rel="noreferrer noopener">stock&nbsp;following the release</a>.</li>
<li>Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are down 14.4% after the company posted mixed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38555359" rel="noreferrer noopener">third-quarter&nbsp;financial results</a>. Few analysts cut and&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SMCI/analyst-ratings" rel="noreferrer noopener">boosted the price target</a>.</li>
<li>Bruker Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKR#NASDAQ">BRKR</a>) shares decreased 13.8% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38577397" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;revenue miss</a>.</li>
<li>Stellantis N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares declined 13.5% after the company reported&nbsp;a&nbsp;12%&nbsp;decrease in first-quarter&nbsp;net revenues and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38515774" rel="noreferrer noopener">a&nbsp;10%&nbsp;reduction in consolidated shipments</a>.&nbsp;</li>
<li>DoorDash, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) shares declined 13.5% after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38565879" rel="noreferrer noopener">mixed&nbsp;Q1&nbsp;financial results</a>. Most analysts trimmed the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/dash/analyst-ratings" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Centrais Electricas Brasileiras&nbsp;S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>) shares were down 13.5%.</li>
<li>MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares dived 12.7% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38503135" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;financial results</a>.</li>
<li>GE&nbsp;HealthCare&nbsp;Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) shares declined 12.5% after it reported&nbsp;first-quarter&nbsp;sales of&nbsp;$4.6 billion, which&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38525477" rel="noreferrer noopener">missed the&nbsp;consensus of&nbsp;$4.8 billion</a>. Some analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/gehc/analyst-ratings" rel="noreferrer noopener">reduced the price target</a>.</li>
<li>The Carlyle Group Inc.&nbsp;(NASDAQ:&nbsp;CG) shares decreased 12.4% after the company reported&nbsp;Q1&nbsp;financial results.</li>
<li>Global Payments Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares were down 11.3% after it reported&nbsp;Q1&nbsp;financial&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38558593" rel="noreferrer noopener">results and issued&nbsp;guidance</a>.</li>
<li>Banco Bilbao Vizcaya Argentaria S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) shares declined 11.3% after reporting first-quarter FY24 results. The company reportedly confirmed its intention to start talks with Sabadell on a potential merger.</li>
<li>CDW Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares declined 11.2%&nbsp;after the company reported worse-than-<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">expected&nbsp;Q1&nbsp;financial results</a>. Analysts trimmed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>APA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) shares are down 10.8% after it reported worse-than-expected&nbsp;Q1&nbsp;earnings and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38564165" rel="noreferrer noopener">APA revised FY24&nbsp;guidance</a>.&nbsp;</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38633878/which-large-cap-stocks-are-winning-this-earnings-season-15-stocks-to-watch-april-28-may-4-2024">Which Large Cap Stocks Are Winning This Earnings Season: 15 Stocks To Watch (April 28-May 4, 2024)</a>
Photo: Shutterstock

Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Citigroup analyst Asiya Merchant maintains CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) with a Buy and lowers the price target from $295 to $260.

Citigroup Maintains Buy on CDW, Lowers Price Target to $260

Stifel analyst Matthew Sheerin maintains CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) with a Buy and lowers the price target from $265 to $250.

Stifel Maintains Buy on CDW, Lowers Price Target to $250

JP Morgan analyst Samik Chatterjee maintains CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) with a Overweight and lowers the price target from $280 to $265.

JP Morgan Maintains Overweight on CDW, Lowers Price Target to $265

In the last three months, 6 analysts have published ratings on CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $272.5, a high estimate of $300.00, and a low estimate of $232.00. This current average has increased by 8.64% from the previous average price target of $250.83. 
<img src="https://www.benzinga.com/files/images/story/2024/1714662012_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of CDW by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Moskowitz</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$232.00</td>
<td>$261.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$280.00</td>
<td>$267.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$295.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$267.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Mark Moskowitz</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$261.00</td>
<td>$219.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CDW. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CDW compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CDW's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into CDW's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CDW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CDW analyst ratings.</a>
<h2>All You Need to Know About CDW</h2>
CDW Corp is a multi-brand provider of information technology ("IT") solutions to small, medium, and large business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's broad array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. The company has three operating segments namely, Corporate, Small Business, and Public. The Corporate segment generates the majority of its revenue and primarily serves US private sector business customers with more than 250 employees.
<h3>Financial Insights: CDW</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Challenges: CDW's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -7.72%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: CDW's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 5.9%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): CDW's ROE excels beyond industry benchmarks, reaching 15.37%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.26%, the company showcases effective utilization of assets.
Debt Management: CDW's debt-to-equity ratio stands notably higher than the industry average, reaching 2.84. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For CDW

Barclays analyst Mark Moskowitz maintains CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) with a Equal-Weight and lowers the price target from $261 to $232.

Barclays Maintains Equal-Weight on CDW, Lowers Price Target to $232

CDW Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares are trading lower after the company reported worse-than-expected fiscal <a href="https://www.benzinga.com/pressreleases/24/05/b38545343/cdw-reports-first-quarter-2024-earnings" target="_blank" rel="noreferrer noopener">first-quarter 2024 results</a>.
Net sales declined 4.5% Y/Y to $4.87 billion, missing the consensus of $5.00 billion.&nbsp;
Adjusted EPS of $1.92 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $2.15</a>.&nbsp;
Net sales from the Total Corporate segment declined 3.1%&nbsp;Y/Y&nbsp;to $2.14 billion, and the Total Small Business segment decreased 7.4%&nbsp;Y/Y&nbsp;to $381 million.
Total Public segment net sales fell 4.9%&nbsp;Y/Y&nbsp;to $1.73 billion due to a decline in net sales to Education customers&nbsp;by 10.4% Y/Y.
Net sales for&nbsp;CDW's&nbsp;U.K. and Canadian operations, combined as&nbsp;"Other"&nbsp;for financial reporting purposes, fell 6.5%&nbsp;Y/Y&nbsp;to $631 million.
Average daily sales fell 4.5% Y/Y to $76.1 million.&nbsp;Gross margin expanded to 21.8% from 21.3% a year ago, aided by a more favorable contribution of netted-down revenue, primarily software as a service.
The adjusted operating margin was 8.3% vs. 8.5% a year ago.&nbsp;
CDW held $803.8 million in cash and equivalents as of March 31, 2024.
Dividend: CDW declared a quarterly cash dividend per share of 62 cents.
&#8220;First quarter IT market conditions were weaker than expected, with caution, concern, and complexity adversely impacting customers&#8217; capital investment decisions and elongating customer decision-making. The resulting decline in solutions spend was partially offset by demand for client devices,&#8221; CFO Albert J. Miralles said. &#8220;We remain well-positioned to attain our target of exceeding US IT market growth by 200 to 300 basis points on a constant currency basis.&#8221;
CDW&nbsp;stock gained 42% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Argent Mid Cap ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMID#NASDAQ">AMID</a>) and&nbsp;Professionally Managed Portfolios Congress SMid Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSMD#NYSE">CSMD</a>).
Price Action: CDW shares are down 10.2% at $217.24 at last check Wednesday.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/05/38555665/mastercard-says-consumer-spending-is-healthy-clocks-10-revenue-growth-in-q1">Mastercard Says Consumer Spending Is Healthy, Clocks 10% Revenue Growth In Q1</a>
Image generated using artificial intelligence via Midjourney.

CDW's Challenging Quarter: Missed Sales Targets, Decline Across Key Segments

WIIM

CDW shares are trading lower after the company reported worse-than-expected Q1 financial results.

CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) reported quarterly earnings of $1.92 per share which missed the analyst consensus estimate of $2.15 by 10.7 percent. This is a 5.42 percent decrease over earnings of $2.03 per share from the same period last year. The company reported quarterly sales of $4.87 billion which missed the analyst consensus estimate of $5.00 billion by 2.56 percent. This is a 4.53 percent decrease over sales of $5.10 billion the same period last year.

Earnings Misses

CDW Q1 Adj $1.92 Misses $2.15 Estimate, Sales $4.87B Miss $5.00B Estimate

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CrowdStrike exceeds $1B in sales with CDW

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Based in Texas, CrowdStrike&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) delivers software-as-a-service based, security endpoint solutions with artificial intelligence functionalities. A while back, I predicted that CrowdStrike&nbsp;stock would get to $300. Now, I&rsquo;m looking forward to higher prices and you can still get on board for outsized returns in the second half 2024.



Here&rsquo;s a fun fact for you. Believe it or not, CrowdStrike&nbsp;shares <a href="https://www.barrons.com/articles/crowdstrike-stock-bath-body-works-nvidia-june-best-worst-27d0ee95">gained 24% in June</a>&nbsp;and even outperformed Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) stock, which rose 13%. Clearly, CrowdStrike&rsquo;s loyal shareholders are on a winning streak &mdash; and the rally doesn&rsquo;t have to end in July, even if one Wall Street expert isn&rsquo;t joining the bull party.&nbsp;



<h2>CrowdStrike Stock Doesn&rsquo;t Look Cheap</h2>



I&rsquo;ll be the first to admit that CrowdStrike doesn&rsquo;t appear undervalued if we use the company&rsquo;s price-to-earnings ratio as a gauge. Notably, CrowdStrike&rsquo;s GAAP-measured trailing 12-month P/E ratio is <a href="https://seekingalpha.com/symbol/CRWD/valuation/metrics">729.9x</a>.



I won&rsquo;t attempt to defend that number, but I will defend CrowdStrike&rsquo;s value as a company. First of all, CrowdStrike <a href="https://finance.yahoo.com/news/crowdstrike-listed-p-500-120100469.html">just</a> <a href="https://investorplace.com/2024/06/crwd-stock-alert-crowdstrike-joins-the-sp-500-today/">joined</a> the prestigious S&amp;P 500 index, so the company will be included in a variety of index-tracking funds.



CrowdStrike&nbsp;recently <a href="https://finance.yahoo.com/news/crowdstrike-exceeds-1-billion-sales-120000054.html">surpassed $1 billion</a> in sales with just one partnership. Specifically, CrowdStrike&nbsp;works with information technology specialist CDW (NASDAQ:<a href="https://investorplace.com/stock-quotes/cdw-stock-quote/">CDW</a>) to provide AI-enhanced cybersecurity solutions worldwide.



Additionally, CrowdStrike&nbsp;is <a href="https://finance.yahoo.com/news/crowdstrike-expands-distribution-ecosystem-transform-120000709.html">teaming up with</a> distributors in Latin America to commercialize the company&rsquo;s Falcon cybersecurity platform &ldquo;across Mexico, Brazil and the broader Latin America market.&rdquo; 



CrowdStrike observed a rise in e-crime in Latin America, so the company has an opportunity to prevent this type of crime and generate robust revenue in the region.



<h2>CrowdStrike Gets a Downgrade </h2>



There are other reasons to remain optimistic about CrowdStrike&rsquo;s growth prospects. For example, the company&rsquo;s first quarter fiscal 2025 revenue <a href="https://finance.yahoo.com/news/crowdstrike-reports-first-quarter-fiscal-200500580.html">increased 33%</a> year over year to $921 million. Moreover, CrowdStrike improved from a GAAP-measured earnings loss of $19.5 million in the&nbsp;year-earlier quarter to income of $6.9 million in Q1 of FY2025.



Nevertheless, some Wall Street experts might not be willing to look beyond CrowdStrike&rsquo;s valuation multiple. With that in mind, Piper Sandler analysts led by Rob Owens recently <a href="https://www.barrons.com/articles/crowdstrike-stock-downgrade-valuation-e4460a09">downgraded</a> CrowdStrike stock.



&ldquo;As shares have deservedly risen to the highest revenue multiple of any public software company above $75B in market cap and encroached on our $400 target (which we do not see a near-term catalyst for raising), we are lowering our rating to Neutral,&rdquo; he said.



I totally get where Owens is coming from, but I also expect the stock to keep moving higher. CrowdStrike&rsquo;s revenue growth and Latin American revenue-generation opportunities are impossible to overlook. 



Plus, S&amp;P 500 inclusion means that plenty of index-fund holders will indirectly invest in CrowdStrike.&nbsp;



Besides, the Piper Sandler analysts admitted that they&rsquo;re <a href="https://finance.yahoo.com/news/paypal-upgraded-crowdstrike-downgraded-wall-134237552.html">&ldquo;excited&rdquo;</a> about CrowdStrike&rsquo;s next act. They see &ldquo;many incremental growth opportunities&rdquo; for CrowdStrike, and I see them too. And that, more than any valuation metric, is the best way to gauge CrowdStrike&rsquo;s ongoing value proposition.&nbsp;



<h2>CrowdStrike&nbsp;Stock Will Rise Despite Valuation Concerns</h2>



CrowdStrike&rsquo;s P/E ratio may be off-putting to some investors.&nbsp;Yet, I would discourage anyone from short-selling shares of CrowdStrike. Betting against CrowdStrike will probably get you clobbered in 2024&rsquo;s second half.



Frankly, it doesn&rsquo;t matter whether CrowdStrike&nbsp;stock &ldquo;encroached on&rdquo; Owens&rsquo;s $400 price target. The stock will continue to rise as long as investors continue to envision continued growth for CrowdStrike.



So, don&rsquo;t let the worry warts distract and dissuade you. Feel free to add some CrowdStrike shares to your portfolio, and get ready for $450 in the near term and much higher prices down the line.



On the date of publication, David Moadel&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.
<div>David Moadel has provided compelling content &ndash; and crossed the occasional line &ndash; on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/07/crowdstrike-stock-prediction-how-crwd-can-hit-450-in-2024/">CrowdStrike Stock Prediction: How CRWD Can Hit $450 in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CrowdStrike Stock Prediction: How CRWD Can Hit $450 in 2024

Goldman's list of stocks with high domestic sales

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Machine learning stocks are experiencing illustrious growth due to the increasing application of advanced data analytics for commercial purposes. In fact, the machine learning industry is anticipated to grow by an annual rate of <a href="https://www.bing.com/search?pglt=41&amp;q=machine+learning+CAGR&amp;cvid=690db9f045d547979fd6aa30385c422c&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDM5NDdqMGoxqAIAsAIA&amp;FORM=ANNTA1&amp;PC=HCTS" target="_blank">34.8%</a> until 2030, illustrating its systematic potential.



Considering the above, I decided to search for three undervalued machine learning stocks as I believe an industry multiplier growth story is evident. Methodologically, my screening process focused on fundamental aspects, valuation metrics, and market-driven events. Moreover, I included technical analysis to overlay the analysis.



Machine learning stocks may not be for everyone. However, if your risk appetite aligns with my industry-based outlook, here are three machine-learning stocks to consider.



<h2>Snowflake (SNOW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/snow-1600-300x169.png" alt="Snowflake symbol and logo at the company corporate headquarters in Silicon Valley. SNOW stock."><div>Source: Sundry Photography / Shutterstock</div></div>Snowflake&rsquo;s (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/snow-stock-quote/">SNOW</a>) machine learning exposure stems from its integrated cloud platform, which includes a wide range of languages, such as Python and R. The firm&rsquo;s cloud offerings leverage these languages to produce time series and cross-sectional analyses.



I like the look of SNOW stock because its broad-based profile is well-aligned. Sure, Snowflake&rsquo;s machine learning is salient. However, other variables might assist its stock in the short term. For example, the company recently suffered from <a target="_blank" href="https://arstechnica.com/information-technology/2024/06/hackers-steal-significant-volume-of-data-from-hundreds-of-snowflake-customers/#:~:text=As%20many%20as%20165%20customers%20of%20cloud%20storage,Snowflake%20that%20it%20was%20affected%20in%20the%20incident.">hackers&rsquo; data breaches</a>, compromising approximately 165 of its client accounts. Morgan Stanley (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/ms-stock-quote/">MS</a>) was fast to react to the situation and suggested the breach was an isolated &ldquo;event.&rdquo;



The abovementioned provides SNOW stock with event-driven support, which could combine with its operating cash flow growth rate of <a target="_blank" href="https://seekingalpha.com/symbol/SNOW/growth">36.89%</a> to lead its stock higher. Moreover, SNOW stock seems grossly undervalued, as its price-to-sales ratio of <a target="_blank" href="https://seekingalpha.com/symbol/SNOW/valuation/metrics">14.89x</a> is at a cyclical discount of about 64.92%.



I&rsquo;m very bullish here!



<h2>Oracle (ORCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/orcl-stock-3-300x169.jpg" alt="The Oracle (ORCL) sign hangs on an Oracle office in Deerfield, Illinois."><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Oracle (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/orcl-stock-quote/">ORCL</a>) is a household name that needs little introduction. However, its machine-learning activities need some highlighting.



The company&rsquo;s presence in the cloud space provides it with integration opportunities. Oracle has numerous end-market integrations, including Spark and data mining services. It is critical to note that machine learning allows for non-linear statistical analysis, which is exceptionally valuable to a company like Oracle due to the company&rsquo;s intense data management and storage requirements. As such, I&rsquo;m optimistic about machine learning&rsquo;s value additivity.



Furthermore, Oracle&rsquo;s short-term variables are well-aligned. For example, the firm recently released its fourth-quarter earnings report, and although it fell short of estimates, Oracle revealed <a target="_blank" href="https://seekingalpha.com/news/4114950-oracle-in-charts">19.7% year-over-year</a> growth in its cloud revenue. I know some might be pessimistic about Oracle&rsquo;s earnings report. However, I think cloud growth is what we should be focused on as it is a long-term driver, as opposed to an earnings target miss, which is an incremental blip.



Lastly, Oracle looks good from a financial markets-based perspective. For example, ORCL stock has breached its 10-, 50-, 100-, and 200-day <a target="_blank" href="https://seekingalpha.com/symbol/ORCL/momentum/performance">moving averages</a>, suggesting a momentum trend has shaped. Additionally, ORCL&rsquo;s forward price-to-earnings ratio of <a target="_blank" href="https://seekingalpha.com/symbol/ORCL/valuation/metrics">23.12x</a> is understated for a growth stock, leading me to the conclusion that ORCL is underpriced.



<h2>CrowdStrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/crwd-1600-300x169.png" alt="CrowdStrike sign and logo at headquarters in Silicon Valley. CRWD stock."><div>Source: Michael Vi / Shutterstock</div></div>CrowdStrike&rsquo;s (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) stock is a much-talked-about asset. The stock rose to prominence during the pandemic amid exponential growth in affordable cybersecurity products. Despite arguably surging into overbought territory, I remain optimistic about CRWD stock&rsquo;s prospects; here&rsquo;s why.



The company&rsquo;s exposure to the machine learning domain seems cross-sectional, meaning it leverages machine learning to identify isolated cyber threats rather than solely focusing on a time series of events. CrowdStrike&rsquo;s successful machine learning integration explains why the firm recently exceeded <a target="_blank" href="https://seekingalpha.com/news/4119527-crowdstrike-exceeds-1b-in-sales-with-cdw">$1 billion</a> in a single downstream sales channel to its lifetime partner, CDW (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/cdw-stock-quote/">CDW</a>).



Furthermore, CrowdStrike has experienced sensational financial market-based support. For example, the company&rsquo;s stock was <a target="_blank" href="https://seekingalpha.com/news/4118306-crowdstrike-reaches-sp-500-index-five-years-after-ipo">recently included</a> in the S&amp;P 500 index five years after it was listed as a public company. This is a tremendous achievement and illustrates the loyalty of CRWD stock&rsquo;s investor base.



Some might have reservations about CRWD stock&rsquo;s valuation, which includes a price-to-earnings ratio of <a target="_blank" href="https://seekingalpha.com/symbol/CRWD/valuation/metrics?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch%7Csearch_item%3ACRWD%7Crow_num%3A2%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">107.94x</a>. Nevertheless, as mentioned before, I&rsquo;m upbeat about CRWD stock&rsquo;s prospects. Its exceptional growth will likely adjust its justified price multiples higher, allowing for additional gains!



On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for cross-asset research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve obtained his CFA Charter on April 26, 2024, and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace don&rsquo;t constitute financial advice. However, they form an interesting juxtaposition between mainstream opinion and objective theory, allowing readers to benefit from unbiased commentary. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-machine-learning-stocks-that-could-grow-your-wealth/">3 Machine Learning Stocks That Could Grow Your Wealth</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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