Elizabeth Porter, an analyst from Morgan Stanley, maintained the Buy rating on Autodesk. The associated price target was raised to $385.00.
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Elizabeth Porter’s rating is based on Autodesk’s strong financial performance and promising future outlook. The company reported better-than-expected results in the second quarter, with significant growth in revenue, billings, operating income, and free cash flow. These results exceeded market expectations and demonstrated Autodesk’s ability to maintain momentum and improve productivity.
Furthermore, Autodesk’s guidance for the upcoming fiscal year shows continued strength, with increased targets for revenue, billings, and operating margins. The company’s management has also shown commitment to expanding margins and improving execution, which supports the positive outlook. Additionally, Autodesk’s shares are currently trading at a discount compared to its peers, presenting a favorable risk/reward scenario for investors.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $362.00 price target.
ADSK’s price has also changed moderately for the past six months – from $274.210 to $314.700, which is a 14.77% increase.