Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on Autodesk (ADSK) yesterday and set a price target of $360.00. The company’s shares closed last Thursday at $294.65, close to its 52-week high of $321.13.
According to TipRanks.com, Vruwink is a 5-star analyst with an average return of 39.6% and a 80.6% success rate. Vruwink covers the Technology sector, focusing on stocks such as Cadence Design, Q2 Holdings, and Realpage.
Currently, the analyst consensus on Autodesk is a Strong Buy with an average price target of $340.50, representing a 15.5% upside. In a report issued on February 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $342.00 price target.
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Based on Autodesk’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $952 million and net profit of $132 million. In comparison, last year the company earned revenue of $843 million and had a net profit of $66.7 million.
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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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