Evercore ISI analyst Kenneth Talanian reiterated a Buy rating on Autodesk (ADSK) yesterday and set a price target of $190. The company’s shares closed last Monday at $140.08.
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 13.3% and a 61.2% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and Symantec Corp.
Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $167.88, a 27.7% upside from current levels. In a report issued on August 19, RBC Capital also maintained a Buy rating on the stock with a $200 price target.
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Autodesk’s market cap is currently $30.76B and has a P/E ratio of 553.89. The company has a Price to Book ratio of -125.40.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.
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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.
