Citi analyst Tyler Radke maintains $Autodesk (ADSK.US)$ with a buy rating, and adjusts the target price from $325 to $358.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 6.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autodesk (ADSK.US)$'s main analysts recently are as follows:
Autodesk's outlook for Q3 appears favorable following a healthier outcome from its reseller survey, which highlighted improved quota achievements and enhanced growth projections for the upcoming year. While there were initial pauses on projects due to political and election-related uncertainties, these concerns have dissipated post-election, and the primary macro indicators have shifted towards a more positive stance.
Following generally positive quarter-end checks, the optimism towards the upcoming Q3 earnings is notable. With improving demand trends and notable activities in model roll-outs observed by a U.K. reseller, there are expectations of strong Q3 performance and at least stable Q4 guidance. The analyst continues to hold a favorable view on Autodesk as a promising prospect into early 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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