Oppenheimer Maintains Outperform on Autodesk, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ken Wong has maintained an Outperform rating on Autodesk (NASDAQ:ADSK) but has reduced the price target from $250 to $240.
November 22, 2023 | 6:45 pm
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Oppenheimer has maintained an Outperform rating on Autodesk but lowered the price target from $250 to $240, indicating a positive outlook with a slightly reduced growth expectation.
While the Outperform rating suggests that Oppenheimer believes Autodesk will perform better than the market or its sector, the reduction in the price target could imply a moderation in growth expectations or a response to market conditions. This news is likely to be viewed neutrally by investors as the positive rating is maintained, but the price target reduction may temper some expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100