Autodesk (NASDAQ:ADSK) Rating Reaffirmed
The investment house has just set a target PPS of $67 on Autodesk (NASDAQ:ADSK) shares. This is 4.02% from the current stock price. In an interesting research report revealed to investors on 4 December, RBC Capital Mkts has decided to restate their Sector Perform rating on shares of ADSK.
From a total of 16 analysts covering Autodesk Inc. (NASDAQ:ADSK) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $85 while the lowest target price is $45. The mean of all analyst targets is $65.63 with a -1.20% below today’s ($64.41) stock price. Autodesk Inc. was the topic of 32 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on November 20 to “Sector Perform” rating. UBS maintained shares with “Buy” rating and $56.0 target share price in a report from a September 30. Canaccord Genuity downgraded ADSK stock in a recent report from November 10 to “Hold” rating. Canaccord Genuity maintained the rating on September 30. Canaccord Genuity has a “Buy” rating and a $60 price target on shares. Finally, UBS downgraded the stock to “Neutral” rating in a report issued on a November 9.
The stock decreased 0.22% or $0.14 on December 3, striking $64.41. Approximately shares of stock traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 11.84% since May 1, 2015 and is uptrending. It has outperformed by 14.63% the S&P500.
Autodesk, Inc. is a design software and services company, offering clients productive business solutions through technology services and products. The company has a market cap of $14.57 billion. The Firm serves clients in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It currently has negative earnings. The Firm operates in four divisions: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
According to Zacks Investment Research, “Autodesk is one of the world’s leading design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk provides design software, Internet portal services, wireless development platforms, and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release)” Get a free copy of the Zacks research report on Autodesk, Inc. (ADSK).