Autodesk price target raised to $358 from $325 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Autodesk (ADSK) to $358 from $325 and keeps a Buy rating on the shares. The firm sees a positive Q3 set-up for Autodesk after a healthier result from its reseller survey which showcased improving quota achievements and stronger growth expectations for the next 12 months, the analyst tells investors in a research note. RBC adds that its recent conversations indicated some pause on projects from political/election risk, but these have been alleviated with the election now in the past while the leading macro indicators have “turned more positive”.