Autodesk Price Target Raised to $64.00 at Wedbush (ADSK)
Investment analysts at Wedbush upped their target price on shares of Autodesk (NASDAQ:ADSK) from $62.00 to $64.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 23.86% from the stock’s previous close.
ADSK has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Autodesk from $50.00 to $52.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Autodesk in a research note on Friday. They now have a $51.00 price target on the stock, up previously from $50.00. Finally, analysts at Citigroup Inc. raised their price target on shares of Autodesk from $36.00 to $37.00 in a research note on Friday. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $56.14.
Shares of Autodesk (NASDAQ:ADSK) traded up 8.05% during mid-day trading on Friday, hitting $51.6699. 7,928,673 shares of the company’s stock traded hands. Autodesk has a one year low of $33.01 and a one year high of $58.68. The stock’s 50-day moving average is $47.80 and its 200-day moving average is $48.74. The company has a market cap of $11.739 billion and a price-to-earnings ratio of 47.82.
Autodesk (NASDAQ:ADSK) last released its earnings data on Thursday, May 15th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. Analysts expect that Autodesk will post $1.15 EPS for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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