Canaccord Genuity Reiterates a 'Buy' on Autodesk (ADSK); Best In Class Design Firm
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Price: $251.02 -0.11%
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Autodesk (NASDAQ: ADSK), PT increased to $50.
Canaccord analyst says, "Among publicly traded companies, we believe Autodesk is in the top decile of firms with significant, multi-year growth opportunities ahead of it. This quarter began to prove that the firm’s rebound is more than cyclical against easy comparisons. Our independent checks in the space say that there is more good news to come from ADSK. While we would love to buy this stock 10% cheaper, we are willing to pay up a bit currently for the prospect that current year estimates are still a bit sandbagged and the strong conviction that the firm’s long-term outlook is quite promising. ADSK is OK to buy at current levels."
For more ratings news on Autodesk click here and for the rating history of Autodesk click here.
Shares of Autodesk closed at $44.39 yesterday.
Canaccord analyst says, "Among publicly traded companies, we believe Autodesk is in the top decile of firms with significant, multi-year growth opportunities ahead of it. This quarter began to prove that the firm’s rebound is more than cyclical against easy comparisons. Our independent checks in the space say that there is more good news to come from ADSK. While we would love to buy this stock 10% cheaper, we are willing to pay up a bit currently for the prospect that current year estimates are still a bit sandbagged and the strong conviction that the firm’s long-term outlook is quite promising. ADSK is OK to buy at current levels."
For more ratings news on Autodesk click here and for the rating history of Autodesk click here.
Shares of Autodesk closed at $44.39 yesterday.
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