Goldman Sachs Maintains Sell on Autodesk, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has maintained a Sell rating on Autodesk (NASDAQ:ADSK) but raised the price target from $180 to $230.
March 01, 2024 | 2:25 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Sell rating on Autodesk but increases the price target from $180 to $230.
The increase in price target by Goldman Sachs, despite maintaining a Sell rating, suggests a nuanced view on Autodesk's valuation. The higher price target could imply that the analyst sees some positive aspects or potential in the company's future performance, but overall remains bearish. This mixed signal could lead to short-term uncertainty among investors, making the impact on the stock price neutral until further clarity or market reaction emerges.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90