UBS Comments On Autodesk, Notes Adobe's Cloud Transition
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
|Jan 2017||Wells Fargo||Initiates Coverage On||Outperform|
|Dec 2016||Canaccord Genuity||Upgrades||Hold||Buy|
|Sep 2016||Evercore ISI Group||Initiates Coverage on||Buy|
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