Loop Capital initiated coverage of Autodesk (ADSK) with a Hold rating and $320 price target The company’s core construction market is seeing “tepid growth” as headwinds from high interest rates and rising material costs have led many owners and general contractors to adopt a more cautious approach, the analyst tells investors in a research note. Loop is constructive on Autodesk’s long-term prospects but believes the stock’s current valuation reflects much of its expected growth and execution improvements.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk initiated with a Hold at Loop Capital
- Private Markets: JPMorgan initiates coverage of OpenAI
- 3 Best Growth Stocks to Buy Now, 7/15/2025, According to Analysts
- Autodesk Stock (ADSK) Soars After Signaling that PTC Deal Will Not Happen
- Closing Bell Movers: Trade Desk jumps 14% on S&P500 inclusion