In a report issued on May 10, Brad Zelnick from Credit Suisse maintained a Buy rating on Autodesk (NASDAQ: ADSK), with a price target of $150. The company’s shares closed on Friday at $136.21, close to its 52-week high of $141.26.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 13.0% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Microsoft Corp.
Currently, the analyst consensus on Autodesk is Strong Buy and the average price target is $154.38, representing a 13.3% upside.
In a report issued on April 30, KeyBanc also reiterated a Buy rating on the stock with a $150 price target.
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Based on Autodesk’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $553 million and GAAP net loss of $174 million. In comparison, last year the company had a GAAP net loss of $130 million.
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Autodesk, Inc. engages in the designing and developing multimedia software products. It includes Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.
