In a report released yesterday, Kenneth Talanian from Evercore ISI maintained a Buy rating on Autodesk (ADSK), with a price target of $190. The company’s shares opened today at $154.27.
Talanian noted:
“We believe this report should be viewed as neutral for ADSK given the m/m decrease in the overall index with the new projects index remaining at a high level and business conditions remaining generally healthy (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 21.1% and a 83.9% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and Symantec Corp.
Autodesk has an analyst consensus of Moderate Buy, with a price target consensus of $175.79, representing a 13.9% upside. In a report issued on March 5, Argus Research also maintained a Buy rating on the stock with a $184 price target.
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The company has a one-year high of $169.05 and a one-year low of $117.72. Currently, Autodesk has an average volume of 1.84M.
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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.
