Autodesk (ADSK) PT Raised to $156 at RBC Capital; Strong ARR
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Price: $188.78 +0.56%
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
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RBC Capital raised its price target on Autodesk (NASDAQ: ADSK) to $156.00 (from $140.00) while maintaining a Outperform rating.
Analyst Matthew Hedberg notes that despite lower sub-adds, Q4 ARR beat, guidance was higher for FY19 ARR and FY20 ARR/FCF targets were reiterated.
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