Citigroup Reiterates Buy on Autodesk, Lowers Price Target to $261
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke has reiterated a 'Buy' rating on Autodesk (NASDAQ:ADSK), but lowered the price target from $277 to $261.
August 24, 2023 | 2:45 pm
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Citigroup has reiterated a 'Buy' rating on Autodesk, but lowered the price target from $277 to $261.
The reiteration of a 'Buy' rating indicates Citigroup's continued confidence in Autodesk's performance. However, the lowering of the price target may suggest a slightly less optimistic outlook for the stock's short-term price movement. This could potentially lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100