CDW Corporation (NASDAQ: CDW) is among the top tech stocks paying consistent dividends. Morgan Stanley reduced CDW’s price target to $177 from $191, with an Overweight rating. The firm prefers cloud spending, product refresh cycles like Apple, and companies with differentiated assets, steering away from memory-heavy stocks like Dell and HP.

CDW Corporation (NASDAQ: CDW) reported third-quarter results with $5.7 billion in net sales, up 4% from last year. Gross profit increased by 5% to $1.3 billion. The company saw growth in government, education, small business, and corporate segments, with strong demand for AI workstations and cloud projects.

Looking ahead, CDW Corporation (NASDAQ: CDW) reaffirmed its 2025 outlook, expecting to outperform the US IT market by 200 to 300 basis points. Gross profit in the second half of the year is projected to be slightly higher than the first half, with gross margins in 2025 staying in line with 2024.

CDW Corporation (NASDAQ: CDW) is a multi-brand provider of IT products and services for business, government, education, and healthcare sectors. While CDW shows investment potential, some AI stocks offer greater upside potential with less downside risk.

For more insights on long-term US stocks and Dogs of the Dow to invest in, visit the respective articles. Disclosure: None.

Read more at Yahoo Finance: CDW Price Target Reduced as Morgan Stanley Analyst Turns More Selective on IT Hardware Exposure