Autodesk (ADSK): New Buy Recommendation for This Technology Giant
In a report released today, from Berenberg Bank maintained a Buy rating on Autodesk, with a price target of $335.00.
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In addition to Berenberg Bank, Autodesk also received a Buy from Stifel Nicolaus’s Adam Borg in a report issued on June 4. However, on June 1, Citi assigned a Hold rating to Autodesk (NASDAQ: ADSK).
Based on Autodesk’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.93 billion and a net profit of $491 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $152 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADSK in relation to earlier this year.
Read More on ADSK:
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