HSBC downgrades Autodesk on moderating earnings growth, valuation concerns

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Autodesk (ADSK) PT Raised to $300 at JPMorgan

December 2, 2024 8:01 AM EST

JPMorgan analyst C. Stephen Tusa Jr. raised the price target on Autodesk (NASDAQ: ADSK) to $300.00 (from $245.00) while maintaining a Neutral rating.

The analyst comments "ADSK reported a 3Q beat on profits and FCF, and raised FY25 guidance again reflecting the smooth launch of the new transaction model, while reiterating $2.05B of FCF at... More