Autodesk (ADSK) PT Raised to $343 at BMO Capital

BMO Capital analyst Daniel Jester raised the price target on Autodesk (NASDAQ: ADSK) to $343.00 (from $333.00) while maintaining a Market Perform rating.

The analyst commented: "Autodesk delivered a good set of results in fiscal 3Q, showing a sequential improvement in underlying growth and impressive 4Q revenue guidance. Against a choppy selling environment, Construction Cloud momentum persists, and the company continues to make gradual progress on the broader vision to unlock data and workflow silos across AECO and manufacturing industries. Our target price moves higher to $343 with our updated estimates. Shares remain on our shopping list as we evaluate the durability of these recent improved trends."

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