RBC Capital Maintains Outperform on Autodesk, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Autodesk (NASDAQ:ADSK) but has reduced the price target from $260 to $250.
November 22, 2023 | 3:26 pm
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RBC Capital analyst reaffirms Outperform rating on Autodesk but lowers price target to $250, indicating a potential upside but with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that RBC Capital still sees Autodesk as a strong investment. However, the reduction in the price target could imply a more conservative view on the company's growth prospects or market conditions, which may lead to a neutral short-term impact on the stock price as the market digests this information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100