US Stocks Movement | CDW Extends Pre-market Gains by Over 1% After Morgan Stanley Upgrades Rating to "Overweight"

Glonghui, June 24 — CDW (CDW.US), which closed up 5.25% yesterday, continued to rise by 1.42% in U.S. pre-market trading today, reaching $131.91. Morgan Stanley released a report on Tuesday, raising CDW's rating from "Neutral" to "Overweight" due to strong enterprise server demand, and adjusted the price target from $142 to $170. The report stated: "Although once-in-a-generation memory inflation is presenting challenges to the hardware market, the computing sector is defying the trend and performing strongly. Spillover upgrade demand in 2025, enterprises making early purchases, OEM supply shortages, and competition for market share—combined with more on-premise inference entering production environments (with a focus on data security)—are jointly driving resilient enterprise demand. The total addressable server market (TAM) is expected to grow by over 80% year-on-year in 2026, reaching $809 billion."