Autodesk price target raised to $330 from $290 at BofA

BofA analyst Michael Funk raised the firm’s price target on Autodesk (ADSK) to $330 from $290 and keeps a Neutral rating on the shares after the company reported “broadly better than projected” fiscal Q1 results. Following what it calls “a quarter of strong execution and relatively constructive management guidance,” the firm is increasing its FY26 and FY27 revenue estimates by 0.9% each, while nudging up FY26 and FY27 operating margin estimates by 10 basis points each, the analyst noted.