Autodesk (ADSK): New Buy Recommendation for This Technology Giant
In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on Autodesk, with a price target of $285.00.
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Borg covers the Technology sector, focusing on stocks such as Autodesk, Check Point, and Procore Technologies. According to TipRanks, Borg has an average return of 7.0% and a 54.72% success rate on recommended stocks.
In addition to Stifel Nicolaus, Autodesk also received a Buy from D.A. Davidson’s Will Jellison in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Autodesk (NASDAQ: ADSK).
Based on Autodesk’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.53 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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