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.