Market Overview

UBS Comments On Autodesk, Notes Adobe's Cloud Transition

Share:
Related ADSK
42 Biggest Movers From Friday
33 Stocks Moving In Friday's Mid-Day Session

UBS analyst Brent Thill provided insight into the outlook of Autodesk (NASDAQ: ADSK) in a note issued Friday.

Citing a favorable setup over the next several years as the company transitions to cloud and recurring subscriptions, Thill has maintained a Buy rating and $60 price target for the stock. He noted Adobe's (NASDAQ: ADBE) transition to the cloud and subscriptions have been "very favorable" for the stock.

As an additional point, Thill believes less than 20 percent of the current user base is on recurring subscriptions.

Latest Ratings for ADSK

DateFirmActionFromTo
Jun 2018Deutsche BankMaintainsBuyBuy
May 2018Bank of AmericaMaintainsNeutralNeutral
Apr 2018KeyBancMaintainsOverweightOverweight

View More Analyst Ratings for ADSK
View the Latest Analyst Ratings

Posted-In: Brent Thill UBSAnalyst Color News Price Target Reiteration Analyst Ratings

 

Related Articles (ADSK)

View Comments and Join the Discussion!