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

Tipranks - Tipranks - Fri Mar 20, 7:18AM CDT

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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According to TipRanks, Borg is a 4-star analyst with an average return of 10.1% and a 59.26% success rate. Borg covers the Technology sector, focusing on stocks such as Autodesk, Check Point, and Fortinet.

In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $350.00 price target.

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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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