This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

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

Tipranks - Wed Jun 10, 5:00AM CDT

In a report released today, from Berenberg Bank maintained a Buy rating on Autodesk, with a price target of $335.00.

Introducing TipRanks MCP for Agents

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.