Stifel analyst Adam Borg lowered the firm’s price target on Autodesk (ADSK) to $285 from $375 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q4 earnings on Thursday. Given the positive Q4 pre-announcement, focus is on the FY27 guidance, says the analyst, who adds “we believe most investors are aware of Autodesk’s commentary around various puts and takes as it offers guidance, along with conservatism it expects to consider given the macro and the company’s S&M optimization plan.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk: Buy Rating Backed by Strong Demand Outlook, Margin Expansion, and Limited AI Disruption Risk
- Autodesk price target lowered to $290 from $400 at UBS
- The Week That Was, The Week Ahead: Macro and Markets, Feb. 22
- Autodesk price target lowered to $300 from $390 at Barclays
- Private Markets: OpenAI funding set to reach over $100B in latest round