Autodesk Given New $73.00 Price Target at JPMorgan Chase & Co. (ADSK)
Stock analysts at JPMorgan Chase & Co. boosted their price objective on shares of Autodesk (NASDAQ:ADSK) from $66.00 to $73.00 in a report issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 29.71% from the stock’s previous close.
Shares of Autodesk (NASDAQ:ADSK) traded up 0.50% during mid-day trading on Friday, hitting $56.56. The stock had a trading volume of 1,244,029 shares. Autodesk has a 52 week low of $35.05 and a 52 week high of $58.68. The stock has a 50-day moving average of $55.47 and a 200-day moving average of $52.18. The company has a market cap of $12.888 billion and a price-to-earnings ratio of 64.03. Autodesk also was the recipient of some unusual options trading activity on Thursday. Investors acquired 14,446 call options on the stock. This is an increase of approximately 471% compared to the typical volume of 2,530 call options.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.06. The company had revenue of $637.10 million for the quarter, compared to the consensus estimate of $603.16 million. Analysts expect that Autodesk will post $1.18 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest raised their price target on shares of Autodesk from $60.00 to $66.00 in a research note on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, August 4th. They now have a $56.00 price target on the stock. Finally, analysts at Barclays upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 10th. They now have a $65.00 price target on the stock, up previously from $51.00. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Autodesk has a consensus rating of “Hold” and an average target price of $61.86.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.