UBS Comments on Autodesk, Maintains Buy - Autodesk (NASDAQ:ADSK)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

UBS analyst, Brent Thill provided insight into the outlook of Autodesk, Inc. (NASDAQ: ADSK) in a note issued Friday.Citing a favorable setup over the next several year as the company transitions to cloud and recurring subcriptions, Thill has maintained a Buy rating and $60 price target for the stock. He noted Adobe's (NADSAQ: ABDE) transition to the cloud and subscriptions has been "very favorable" for the sock.As an additional point, Thill noted he believe less than 20 percent of the current user base is on recurring subscriptions.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!