Citi raised the firm’s price target on Autodesk (ADSK) to $361 from $358 and keeps a Buy rating on the shares following Q3 results that featured “a healthy billings beat” and modest raise, offset by mixed investor feedback around the reiteration of FY26 FCF targets and hiring of CFO Janesh Moorjani. The Q3 print “showed a lot of positives” and Autodesk delivered another quarter of positive estimate revisions, which is “increasingly distinguished vs. other vertical/cyclical peers,” the analyst tells investors. The firm views the pullback in shares as a buying opportunity, the analyst added.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADSK:
- Autodesk’s (ADSK) Rising Website Traffic Hinted at Upbeat Q3 Results
- Autodesk downgraded to Hold from Buy at HSBC
- Dell and HP forecasts spark selloffs: Morning Buzz
- Autodesk price target raised to $280 from $260 at Mizuho
- Autodesk price target raised to $308 from $287 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
