Autodesk (ADSK) Tops Q1 EPS by 4c; Guides for Wide Q2 Loss

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Go back to Autodesk (ADSK) Tops Q1 EPS by 4c; Guides for Wide Q2 Loss

Wedbush Remains Sidelined on Autodesk (ADSK) Following 1Q - PT to $57

May 20, 2016 7:52 AM EDT

Wedbush 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