Autodesk Q3: Strong Billing Growth Supporting Future Growth
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Autodesk reported strong Q3 results with 11% revenue growth and 28% billings growth, driven by a shift to annual subscriptions and a new transaction business model. The company's major platforms experienced robust growth, supporting a 'Buy' rating with a fair value of $310 per share.
December 02, 2024 | 3:15 am
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Autodesk's Q3 results show strong billing and revenue growth, driven by strategic shifts to annual subscriptions and a new transaction model. This supports a 'Buy' rating with a fair value of $310.
The strong billing and revenue growth, along with strategic shifts to annual subscriptions and a new transaction model, indicate positive future performance for Autodesk. This supports the 'Buy' rating and suggests a likely increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100