Autodesk price target raised to $260 from $250 at RBC Capital

RBC Capital raised the firm’s price target on Autodesk to $260 from $250 and keeps an Outperform rating on the shares. The company’s Q2 results were “solid” as management noted outperformance was primarily driven by early expansions from Enterprise Business Agreements, the analyst tells investors in a research note, also citing Autodesk’s “consistency in execution”. Q2 marks the first full quarter since the transition to annual billings, and Autodesk management noted the transition remains on track and in-line with expectations, the firm added.