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New Buy Rating for Autodesk (ADSK), the Technology Giant

Tipranks - Tipranks - Sun Mar 1, 6:12AM CST

Macquarie analyst Steven Koenig maintained a Buy rating on Autodesk yesterday and set a price target of $310.00. The company’s shares closed yesterday at $245.87.

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According to TipRanks, Koenig is a 5-star analyst with an average return of 11.5% and a 60.98% success rate. Koenig covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Autodesk, and Salesforce.

In addition to Macquarie, Autodesk also received a Buy from TipRanks – Google’s Google Software – Application in a report issued yesterday. However, on the same day, BMO Capital maintained a Hold rating on Autodesk (NASDAQ: ADSK).

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Based on Autodesk’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.53 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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