Autodesk Analysts Increase Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Autodesk, Inc. (NASDAQ:ADSK) reported better-than-expected Q2 earnings and revenue, leading to increased analyst price targets. The company posted earnings of $2.15 per share and sales of $1.50 billion, surpassing estimates. Autodesk's strong performance is attributed to its strategic focus and growth trends in global reconstruction and infrastructure. Analysts have adjusted their price targets, with Piper Sandler, Morgan Stanley, Mizuho, and Oppenheimer all raising their targets.
August 30, 2024 | 1:13 pm
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Autodesk reported better-than-expected Q2 earnings and revenue, leading to increased analyst price targets. The company posted earnings of $2.15 per share and sales of $1.50 billion, surpassing estimates. Analysts have adjusted their price targets, with Piper Sandler, Morgan Stanley, Mizuho, and Oppenheimer all raising their targets.
Autodesk's better-than-expected earnings and revenue indicate strong business performance, which is likely to positively impact its stock price. The upward revision of price targets by multiple analysts further supports a positive short-term outlook for the stock.
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