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Pacific Crest Raises Estimates & Price Target On AutoDesk

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Following the company's second quarter earnings report, Pacific Crest has raised its price target and estimates for Autodesk (NASDAQ: ADSK) and maintained an Outperform rating.

The team at Pacific Crest commented, "Consistent with checks, Autodesk posted very strong upside in FQ2 (July). More importantly, billings, which provide the best indicator for future growth, increased by 27 percent year-over-year."

Pacific Crest has raised its price target on Autodesk from $60 to $66 and its fiscal 2015 EPS estimate from $1.15 to $1.21.

Latest Ratings for ADSK

DateFirmActionFromTo
Feb 2016Mitsubishi UFJInitiates Coverage onNeutral
Nov 2015WedbushMaintainsNeutral
Nov 2015RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for ADSK
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Posted-In: Pacific CrestAnalyst Color News Price Target Analyst Ratings

 

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