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Insight Enterprises price target lowered to $140 from $150 at Stifel
The Fly

Insight Enterprises price target lowered to $140 from $150 at Stifel

Stifel lowered the firm’s price target on Insight Enterprises (NSIT) to $140 from $150 and keeps a Hold rating on the shares ahead of its March quarter report. This is due to CDW‘s (CDW) pre-announced Q1 miss as well as the incrementally negative tone pointing to signs of IT spending weakness beyond PCs, the analyst tells investors. While Stifel expects margin expansion in FY23 driven by a higher mix of software and services, the firm’s FY23 are now "well below" consensus.

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