Autodesk PT Raised to $65.00 at Canaccord Genuity (ADSK)
Analysts at Canaccord Genuity lifted their price objective on shares of Autodesk (NASDAQ:ADSK) to $65.00 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price target points to a potential upside of 21.00% from the company’s current price.
Shares of Autodesk (NASDAQ:ADSK) opened at 53.72 on Friday. Autodesk has a one year low of $33.01 and a one year high of $58.68. The stock has a 50-day moving average of $49.56 and a 200-day moving average of $49.73. The company has a market cap of $12.221 billion and a P/E ratio of 60.33.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Autodesk will post $1.18 earnings per share for the current fiscal year.
In other Autodesk news, Director Kris Halvorsen sold 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $52.88, for a total transaction of $528,800.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on ADSK. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Autodesk to a “hold” rating in a research note on Monday, May 19th. Finally, analysts at Wedbush raised their price target on shares of Autodesk from $62.00 to $64.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $57.31.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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