Share on StockTwits

Several investment firms have updated their stock ratings and price targets on shares of Autodesk (NASDAQ: ADSK) in the last week:

  • Autodesk had its price target raised by analysts at JPMorgan Chase & Co. from $66.00 to $73.00. They now have an “overweight” rating on the stock.
  • Autodesk had its “neutral” rating reaffirmed by analysts at Morgan Stanley. They now have a $62.00 price target on the stock, up previously from $53.00. They wrote, “ADSK beat revenue and EPS estimates ($637mn vs. our/cons est. of $603/$604mn, and $0.35 vs. our/cons est. $0.27/$0.29) with license upside. Deferred revenue was stronger than expected and total subs ended the quarter at 2mn. ADSK increased FY15 guidance, raising revenue growth from 4-6% to 7-9%, billings growth from 7-9% to 10-12%, and net sub adds from 150-200K to 200-250K.”
  • Autodesk had its price target raised by analysts at RBC Capital from $65.00 to $70.00. They now have an “outperform” rating on the stock.
  • Autodesk had its price target raised by analysts at Robert W. Baird from $60.00 to $62.00. They now have an “outperform” rating on the stock.
  • Autodesk had its “outperform” rating reaffirmed by analysts at Pacific Crest. They now have a $66.00 price target on the stock, up previously from $60.00.
  • Autodesk had its price target raised by analysts at Cowen and Company from $58.00 to $65.00. They now have a “market perform” rating on the stock.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 52.66 on Monday. Autodesk, Inc. has a 52-week low of $35.05 and a 52-week high of $58.68. The stock’s 50-day moving average is $55.37 and its 200-day moving average is $52.20. The company has a market cap of $11.964 billion and a price-to-earnings ratio of 75.14.

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.