Autodesk (ADSK) PT Raised to $156 at RBC Capital; Strong ARR

RBC Capital raised its price target on Autodesk (NASDAQ: ADSK) to $156.00 (from $140.00) while maintaining a Outperform rating.

Analyst Matthew Hedberg notes that despite lower sub-adds, Q4 ARR beat, guidance was higher for FY19 ARR and FY20 ARR/FCF targets were reiterated.

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