Jefferies Maintains a 'Buy' on Autodesk (ADSK); Solid Results And Think There's Better to Come

Jefferies maintains a 'Buy' on Autodesk (NASDAQ: ADSK) price target raised from $43 to $45.

Analyst, Ross MacMillan, said, "ADSK delivered a beat v Street on F4Q12 rev/ EPS and guided inline for F1Q13 and FY13. We continue to believe that subscription growth will accelerate in FY13, implying conservative product license growth. We think the bias to ests is up and we like the multi-period growth/ operating margin expansion opportunity."

Jefferies raises FY13 EPS by $0.01 to $2.05 and FY14 by $0.03 to $2.44.

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 $38.20 yesterday.

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