Guggenheim analyst Nate Cunningham maintained a Hold rating on Autodesk (NASDAQ: ADSK) today and set a price target of $150. The company’s shares closed yesterday at $135.19.
Cunningham has an average return of 8.3% when recommending Autodesk.
According to TipRanks.com, Cunningham is ranked #118 out of 4850 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $154.22 average price target.
See today’s analyst top recommended stocks >>
Based on Autodesk’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $82.4 million. In comparison, last year the company earned revenue of $499 million and had a GAAP net loss of $144 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
