Autodesk's Outlook Has Several Moving Parts, But 7 Analysts Are Raising Forecasts
Portfolio Pulse from Priya Nigam
Autodesk Inc (NASDAQ:ADSK) shares rose after reporting higher-than-expected Q4 results, with several analysts raising their price targets despite mixed guidance for fiscal 2025. The company saw record deals over $100,000 and $1M in construction accounts, indicating strong performance and potential for growth. Analysts highlighted Autodesk's solid quarter, improved transparency around organic growth, and the expected mechanical rebuild of free cash flow (FCF) going forward.
March 01, 2024 | 4:47 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Autodesk Inc reported higher-than-expected Q4 results, leading to a rise in its stock price and several analysts raising their price targets. The company's record deals and guidance on FCF indicate a positive outlook.
The positive earnings report and the subsequent increase in analyst price targets suggest a bullish outlook for Autodesk. The record number of high-value deals and the optimistic guidance on free cash flow contribute to the expectation of continued growth, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100