Autodesk price target raised to $360 from $345 at Wells Fargo

Wells Fargo raised the firm’s price target on Autodesk (ADSK) to $360 from $345 and keeps an Overweight rating on the shares. The firm notes Q1 results came in above expectations as the transaction model drove the FY26 billings raise, while revenue was unchanged. Management continues to frame the outlook prudently leaving Wells with confidence in durable growth and further margin expansion.