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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue