Scotiabank analyst Allan Verkhovski lowered the firm’s price target on Autodesk (ADSK) to $315 from $360 and keeps an Outperform rating on the shares. With demand trends worsening and recession odds rising, the firm favors market leaders in the software and services sector, specifically those with strong free cash flow that can benefit from AI, the analyst tells investors.
Claim 30% 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:
- ‘Get Ready for AI’s Next Major Wave’: Piper Sandler Says These 2 AI Stocks Are Top Picks for 2025
- Autodesk’s Strong Performance and Strategic Initiatives Justify Buy Rating with $400 Price Target
- Autodesk Earnings Call: Strong Growth Amid Challenges
- Autodesk price target lowered to $336 from $345 at Baird
- Autodesk price target lowered to $350 from $360 at Stifel