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Autodesk (ADSK): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Thu Apr 16, 12:06AM CDT

Autodesk received a Buy rating and a $300.00 price target from Jefferies analyst Brent Thill today.

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According to TipRanks, Thill is a 2-star analyst with an average return of 0.6% and a 48.41% success rate. Thill covers the Technology sector, focusing on stocks such as Microsoft, International Business Machines, and Intuit.

In addition to Jefferies, Autodesk also received a Buy from Barclays’s Saket Kalia in a report issued on April 1. However, on April 10, Citi downgraded Autodesk (NASDAQ: ADSK) to a Hold.

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Based on Autodesk’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.96 billion and a net profit of $316 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $303 million

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