Berenberg Downgrades Autodesk to Hold, Announces $295 Price Target
Portfolio Pulse from Benzinga Newsdesk
Berenberg analyst Nay Soe Naing downgraded Autodesk (NASDAQ:ADSK) from Buy to Hold and set a price target of $295.

May 01, 2024 | 9:56 am
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NEUTRAL IMPACT
Autodesk was downgraded by Berenberg from Buy to Hold with a price target of $295.
The downgrade from Buy to Hold by Berenberg suggests a neutral outlook on Autodesk's stock in the short term. The setting of a price target at $295 indicates a specific valuation expectation but does not necessarily predict a significant price movement, hence the neutral score. The high relevance, importance, and confidence scores are due to the direct impact of analyst ratings on investor perception and potential short-term stock price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100