Autodesk (ADSK) Price Target Raised at Jefferies on BIM Trends
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Price: $36.32 -0.38%
Rating Summary:
8 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ADSK Now!
Jefferies raiesd its price target on Buy-rated Autodesk (NASDAQ: ADSK) from $45 to $47 following data from Building Information Modeling (BIM) expert, Steve Jones, of McGraw Hill.
Key takeaways, according to the analyst, included: "i) BIM adoption is up materially since 2007, but penetration is low in many areas (26% of engineers and 31% of contractors); ii) Autodesk is well positioned as a leading player in this market, though others are vying for share; iii) McGraw Hill sees acceleration in construction industry growth from 7% in CY13 to 17% in CY14."
For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.
Shares of Autodesk closed at $40.03 yesterday, with a 52 week range of $27.70-$42.69.
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Key takeaways, according to the analyst, included: "i) BIM adoption is up materially since 2007, but penetration is low in many areas (26% of engineers and 31% of contractors); ii) Autodesk is well positioned as a leading player in this market, though others are vying for share; iii) McGraw Hill sees acceleration in construction industry growth from 7% in CY13 to 17% in CY14."
For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.
Shares of Autodesk closed at $40.03 yesterday, with a 52 week range of $27.70-$42.69.
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