ADSK - Autodesk's Outlook Has Several Moving Parts But 7 Analysts Are Raising Forecasts | Benzinga
Shares of Autodesk Inc (NASDAQ: ADSK) were climbing in early trading on Friday, after the company reported higher-than-expected results for the fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Goldman Sachs analyst Kash Rangan maintained a Sell rating, while raising the price target from $180 to $230.
- RBC Capital Markets analyst Matthew Hedberg reiterated an Outperform rating, while lifting the price target from $290 to $320.
- Stifel analyst Adam Borg reaffirmed a Buy rating, while raising the price target from $265 to $316.
- BMO Capital Markets analyst Daniel Jester maintained a Market Perform rating, while lifting the price target from $232 to $293.
- KeyBanc analyst Jason Celino reiterated an Overweight rating, while raising the price target from $275 to $320.
- Mizuho Securities analyst Siti Panigrahi reaffirmed a Buy rating, while lifting the price target from $220 to $270.
- Piper Sandler analyst Clarke Jeffries reiterated a Neutral rating, while raising the price target from $234 to $260.
Check out other analyst stock ratings.
Goldman Sachs: Autodesk delivered a solid quarter, with revenue, billings, earnings and free cash slows higher than the consensus estimates, Rangan said. While the company guided to higher-than-expected revenue for fiscal 2025, its earnings guidance came in below, he added.
The company had the record number of deals of more than $100,000 and over $1M ...