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UBS Comments On Autodesk, Notes Adobe's Cloud Transition

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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

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

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