Autodesk First Quarter Results Driven by Strong Subscription Additions
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Wedbush Remains Sidelined on Autodesk (ADSK) Following 1Q - PT to $57
May 20, 2016 7:52 AM EDTWedbush reiterated a Neutral rating on Autodesk (NASDAQ: ADSK), and raised the price target to $57.00 (from $55.00), following the company's 1Q earnings release and conference call. The company reported net subscription additions of 132K, driven by strong new model additions (140K) due to demand for AutoCAD and LT seats (and no license... More
