KeyBanc raised the firm’s price target on Autodesk (ADSK) to $330 from $325 and keeps an Overweight rating on the shares. Following the firm’s generally upbeat quarter-end checks, KeyBanc heads into Q3 earnings positively. With channel highlighting better demand trends and the firm’s U.K. reseller calling out pull-forward activity ahead of model roll-out, KeyBanc sees upside potential for Q3 results and at least in line Q4 guidance. Net, it continues to view Autodesk as one of its favorite early 2025 ideas.
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Read More on ADSK:
- Workday initiated, Kraft Heinz downgraded: Wall Street’s top analyst calls
- Autodesk initiated with an Outperform at Scotiabank
- Autodesk price target raised to $330 from $305 at Baird
- Autodesk price target raised to $340 from $320 at Stifel
- Autodesk price target raised to $355 from $310 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
