Evercore ISI analyst Kenneth Talanian maintained a Buy rating on Autodesk (ADSK) yesterday and set a price target of $175. The company’s shares closed yesterday at $137.49.
Talanian noted:
“We believe this report should be viewed as a slight negative for ADSK given the m/m decline in the overall index, with some concerns on tariffs impacting activity (see quote from AIA Chief Economist below). As a reminder, ADSK generates a sizable portion of its business from architecture firms with ~38% of revenue coming from its Construction segment in F18.”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 14.1% and a 64.4% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Symantec Corp, and FireEye Inc.
Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $149.80.
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The company has a one-year high of $159.94 and a one-year low of $101.55. Currently, Autodesk has an average volume of 2.19M.
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Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit.
