Today RBC Capital Markets Reiterates a “Sector Perform” Rating on Autodesk Inc (NASDAQ:ADSK) and a $67.00 Target Price


Autodesk Inc (NASDAQ:ADSK) Rating Reaffirmed

Autodesk Inc (NASDAQ:ADSK) just had their share rating of a ‘”Sector Perform”‘ issued by research analysts at RBC Capital Markets, who now has a $67.00 price target on the $14.57B market cap company or a 4.02% upside potential. This key information was disclosed to clients in analysts report on Friday morning.

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 closed the day at $64.41 during the previous session. It is down 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).