Autodesk University: Leading the Way to Cloud Virtual Product Design; Canaccord Genuity Reiterates 'Buy'
Tweet
Share
E-mailGet Alerts ADSK Hot Sheet
Price: $216.50 +2.79%
Rating Summary:
23 Buy, 14 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
23 Buy, 14 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on Autodesk (NASDAQ: ADSK) price target of $44.00.
Canaccord analyst, Richard Davis, said, "We believe Autodesk’s still nascent move into cloud software delivery: 1) improves the company’s ability to capture market share, 2) increases the addressable market size and future growth rates, and 3) improves quarterly and annual predictability. Those factors almost always lead to higher P/E’s and superior stock price performance over the long-run. The only reason we do not have Autodesk in
our top four stock picks at this point is economic sensitivity to a European
recession that looks to be something between difficult and quite severe. We would be buyers of at least a partial position in ADSK today, but we would get especially aggressive near the October lows in the mid- to high-$20s."
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 $31.49 yesterday.
Canaccord analyst, Richard Davis, said, "We believe Autodesk’s still nascent move into cloud software delivery: 1) improves the company’s ability to capture market share, 2) increases the addressable market size and future growth rates, and 3) improves quarterly and annual predictability. Those factors almost always lead to higher P/E’s and superior stock price performance over the long-run. The only reason we do not have Autodesk in
our top four stock picks at this point is economic sensitivity to a European
recession that looks to be something between difficult and quite severe. We would be buyers of at least a partial position in ADSK today, but we would get especially aggressive near the October lows in the mid- to high-$20s."
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 $31.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- Uber Inc. (UBER) PT Raised to $96 at Tigress Financial Partners
- Autodesk says it will not submit 10-K report within 15-day grace period, shares down
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
