Mizuho Maintains Neutral on Autodesk, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Matthew Broome has maintained a Neutral rating on Autodesk (NASDAQ:ADSK) but has reduced the price target from $220 to $200.

November 22, 2023 | 4:43 pm
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NEGATIVE IMPACT
Mizuho has maintained a Neutral rating on Autodesk but lowered the price target from $220 to $200, indicating a potential downside or limited upside.
The reduction in price target by a reputable analyst like Matthew Broome from Mizuho could lead to a negative investor sentiment in the short term, as it suggests a lower expected future stock price. However, the maintenance of a Neutral rating indicates that the analyst does not see significant downside risk, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100