Oppenheimer Remains a Hold on Autodesk (ADSK)


Oppenheimer analyst Koji Ikeda maintained a Hold rating on Autodesk (ADSK) today. The company’s shares closed last Wednesday at $226.39.

According to TipRanks.com, Ikeda is a top 100 analyst with an average return of 38.7% and a 92.2% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software, SPS Commerce, and Liveperson.

Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $204.93, representing a -7.2% downside. In a report issued on May 22, Wedbush also maintained a Hold rating on the stock with a $205.00 price target.

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Autodesk’s market cap is currently $49.62B and has a P/E ratio of 160.10. The company has a Price to Book ratio of -18.23.

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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. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.

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