Baird analyst Joe Vruwink lowered the firm’s price target on Autodesk to $289 from $296 and keeps an Outperform rating on the shares. The firm said they collected feedback from Autodesk resellers which softened from levels observed over recent quarters. IBaird believes this increases the likelihood of an “in-line” to “mixed” quarter following several “above-expected” quarters; possibly extending its sideways movement into summer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Praise from Baird Analyst Doesn’t Stop Autodesk’s (NASDAQ:ADSK) Slide
- Autodesk price target lowered to $290 from $316 at Stifel
- Autodesk acquires Wonder Dynamics, offering cloud-based AI technology to empower more artists to create more 3D content across media and entertainment industries
- Autodesk acquires Wonder Dynamics for undisclosed amount
- ADSK Earnings this Week: How Will it Perform?