Piper Sandler raised the firm’s price target on Autodesk (ADSK) to $373 from $361 and keeps an Overweight rating on the shares. The firm says its wish list for Q2 was largely fulfilled with a raise to FY26 revenue growth, billings growth, operating margin and free cash flow. This is in spite of the company continuing to build forward guidance off similar modeling assumptions as last quarter: decelerating new business growth and deteriorating EBA renewal rates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $375 from $360 at Wells Fargo
- Autodesk price target raised to $385 from $370 at UBS
- Autodesk’s Strong Financial Performance and Strategic Positioning Earns Buy Rating
- Autodesk price target raised to $375 from $350 at Oppenheimer
- Autodesk price target raised to $385 from $355 at Barclays