BofA raised the firm’s price target on Autodesk (ADSK) to $335 from $325 and keeps a Neutral rating on the shares. The firm, which now applies an EV/EBITDA multiple of 28-times its calendar 2025 EBITDA estimate of $2.65B to arrive at its price target notes that multiple is slightly above the design software peer group average, but views that as warranted by Autodesk’s durable business model and favorable margin profile.
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