Shares Of AutoDesk Surge On Heels Of Q1 FY2015 Solid Earnings
Autodesk CFO, Mark Hawkins commented, "Our better than expected results, coupled with our optimistic view of the current macroeconomic environment, led us to raise our business outlook for billings and revenue for fiscal year 2015."
Based on Autodesk's first quarter, Canaccord is calling the company a quality growth-for-a-reasonable-price name. Canaccord currently has Autodesk rated as a Buy with a $60 price target.
At last check, shares of Autodesk were trading up over seven percent at $51.20.
Latest Ratings for ADSK
|Apr 2017||Credit Suisse||Initiates Coverage On||Outperform|
|Jan 2017||Wells Fargo||Initiates Coverage On||Outperform|
|Dec 2016||Canaccord Genuity||Upgrades||Hold||Buy|
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