DA Davidson analyst William Jellison raised the firm’s price target on Autodesk (ADSK) to $305 from $265 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company’s strong execution on growth across multiple products/industries and margins were offset by a “conservative view” on billings for the remainder of the year, the analyst tells investors in a research note. The firm adds however that Autodesk is executing admirably with respect to its products, its transaction model and efficiency initiatives, and its corporate governance.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk’s Strong Financial Performance and Strategic Positioning Earns Buy Rating
- Autodesk price target raised to $370 from $330 at Morgan Stanley
- Autodesk price target raised to $345 from $340 at Rosenblatt
- Autodesk price target raised to $360 from $345 at Wells Fargo
- Autodesk: Strong Performance and Cautious Outlook Justify Hold Rating