Autodesk upgraded to Buy from Hold at Berenberg

Berenberg upgraded Autodesk (ADSK) to Buy from Hold with a price target of $365, up from $325. Unlike earlier artificial intelligence tools that simply enhanced user productivity, AI agents are capable of executing business tasks with full autonomy and agency, the analyst tells investors in a research note. The firm says this technological advance “unlocks fundamental new value in AI adoption for enterprises.” It believes Autodesk will benefit from this trend and upgraded the shares to Buy.