Autodesk PT Raised to $65.00 at Cowen and Company (ADSK)
Stock analysts at Cowen and Company upped their price objective on shares of Autodesk (NASDAQ:ADSK) from $58.00 to $65.00 in a report issued on Friday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price would suggest a potential upside of 15.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Autodesk from $66.00 to $73.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Autodesk from $60.00 to $66.00 in a research note on Friday. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Autodesk presently has an average rating of “Hold” and a consensus target price of $61.86.
Shares of Autodesk (NASDAQ:ADSK) traded up 0.64% on Friday, hitting $56.64. The stock had a trading volume of 1,239,573 shares. Autodesk has a 1-year low of $35.05 and a 1-year high of $58.68. The stock’s 50-day moving average is $55.47 and its 200-day moving average is $52.18. The company has a market cap of $12.906 billion and a price-to-earnings ratio of 64.03. Autodesk also was the target of some unusual options trading activity on Thursday. Investors bought 14,446 call options on the company. This represents 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. On average, analysts predict that Autodesk will post $1.18 earnings per share 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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