B of A Securities Maintains Neutral on Autodesk, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Autodesk (NASDAQ:ADSK) while raising the price target from $260 to $285.
August 30, 2024 | 5:02 pm
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B of A Securities has maintained a Neutral rating on Autodesk, but increased the price target from $260 to $285, indicating a positive outlook on the stock's potential value.
The increase in price target from $260 to $285 by B of A Securities suggests a positive outlook on Autodesk's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100