Goldman Sachs Comments on Autodesk

Goldman Sachs raised its Autodesk (NASDAQ: ADSK) price target from $31 to $38 in a research report published today. Goldman Sachs has a Neutral rating on Autodesk shares.

In the report, Goldman Sachs states, "We continue to remain on the sidelines as Autodesk's exposure to EMEA (40% of sales) remains a question mark as we enter 2012. That said, we continue to be encouraged by the company's suite product strategy whereas a recent entry into product lifecycle management ("PLM") represents another potential growth leg over the next few years."

Shares of Autodesk were trading at $34.51 in pre-market trading at the time of posting, up 1.38% from Tuesday's market close.