Autodesk PT Raised to $66.00 at Pacific Crest (ADSK)
Investment analysts at Pacific Crest raised their price target on shares of Autodesk (NASDAQ:ADSK) from $60.00 to $66.00 in a note issued to investors on Friday. Pacific Crest’s price target would suggest a potential upside of 18.30% from the company’s current price.
Autodesk (NASDAQ:ADSK) opened at 56.28 on Friday. 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 $12.824 billion and a P/E ratio of 63.47.
Autodesk (NASDAQ:ADSK) last announced its earnings results 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Robert W. Baird raised their price target on shares of Autodesk from $56.00 to $60.00 in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $59.79.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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