These Analysts Revise Their Forecasts On Autodesk After Q2 Results
Portfolio Pulse from Lisa Levin
Autodesk (NASDAQ:ADSK) reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. The company's shares gained 4.5% to trade at $213.58 on Thursday. Following the earnings announcement, several analysts revised their price targets on Autodesk, with most raising their targets.
August 24, 2023 | 1:56 pm
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POSITIVE IMPACT
Autodesk reported strong Q2 results and positive FY24 guidance, leading to a 4.5% increase in share price and several analysts revising their price targets, mostly upwards.
Autodesk's better-than-expected Q2 results and positive FY24 guidance have led to increased investor confidence, reflected in the 4.5% increase in share price. The upward revision of price targets by several analysts further indicates a positive outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100