Morgan Stanley Sees Strong Q2 Print for Autodesk

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In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $65.00 price target on
AutodeskADSK
. In the report, Morgan Stanley noted, “Twin engines of a robust commercial construction environment and the acceleration of upgrade revenues with the business model transition propelled an impressive 27% YoY billings growth in Q2. With plenty of gas in both engines, we believe ADSK fundamentals and share price continue to perform.” Autodesk closed on Thursday at $56.28.
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Posted In: Analyst ColorReiterationAnalyst RatingsKeith WeissMorgan Stanley
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