Morgan Stanley raised the firm’s price target on Autodesk (ADSK) to $370 from $330 and keeps an Overweight rating on the shares. A Q1 beat and upside to the Street’s Q2 view against unchanged FY26 “core” revenue targets de-risks the second half, the analyst tells investors. A “modest” upward revision to margin guidance shows a commitment to expansion with signs of improving productivity in Q1, the analyst added.
Claim 55% 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:
- 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
- Autodesk price target raised to $350 from $310 at Stifel
- Autodesk price target raised to $350 from $323 at KeyBanc