Morgan Stanley lowered the firm’s price target on Autodesk to $235 from $245 and keeps an Equal Weight rating on the shares. Strong EBA renewals drove solid top and bottom-line outperformance in Autodesk’s Q3 results and more durable top-line growth into Q4, but a weaker macro environment appears to be weighing on management growth targets into FY25, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ADSK:
- Autodesk Stock (NASDAQ:ADSK): Follow the Facts, Not the Fear
- Autodesk price target lowered to $250 from $260 at RBC Capital
- Autodesk results continue to show strength in enterprise deals, says BMO Capital
- Autodesk Stock (NASDAQ:ADSK): Analysts Bullish Following Q3 Results
- Autodesk price target lowered to $200 from $220 at Mizuho