Autodesk (ADSK) PT Raised to $325 at Citi
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Griffin Securities Reiterates Buy Rating on Autodesk (ADSK)
September 4, 2024 5:50 AM EDTGriffin Securities analyst Jay Vleeschhouwer reiterated a Buy rating and $310.00 price target on Autodesk (NASDAQ: ADSK).
The analyst comments "We review the new data and commentary in Autodesks 2QFY25 10-Q, including actual and expected recognition of deferred revenues; cost of revenue and operating expense expectations for 3QFY25 (our line item expectations appear to be in line); segment commentary (i.e., the ranked contribution to growth by product, such as Collections, Fusion, Revit, etc.); the contribution from its largest distribution partner (Tech Data, a more than $2 billion annual relationship that will diminish as the... More
