Autodesk price target raised to $250 from $235 at BofA

BofA raised the firm’s price target on Autodesk to $250 from $235 and keeps a Neutral rating on the shares after having hosted the BofA 2024 New Year Software Bus Tour and visited 10 public software companies and two private companies. The tone from firms focused on the enterprise suggests some improvement in the discretionary software spending environment and the firm would characterize the tone from front office vendors as “most positive,” consistent with its view that sales and marketing projects are likely to come back into focus this year, the analyst tells investors.