- We believe Autodesk offers a compelling buying opportunity at the current price.
- Growth in remaining performance obligation, which represents more than 100% of TTM revenue, is significantly faster than recognized revenue growth.
- We think this can lead to long-term acceleration in recognized revenue growth with potential benefits for the fundamental valuation.
- In addition, the stock appears to have technical appeal insofar as the chart indicates a continued breakout is possible.
- We own the stock in staff personal accounts and rate it at Buy.
For further details see:
We Rate Autodesk At Buy Due To Its Growing Book Of Business