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UPDATE: Credit Suisse Upgrades Autodesk, Inc. On Anticipated Long-Term Upside

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In a report published Thursday, Credit Suisse analyst Philip Winslow upgraded the rating on Autodesk, Inc. (NASDAQ: ADSK) from Neutral to Outperform, and raised the price target from $50.00 to $70.00.

In the report, Credit Suisse noted, “We are upgrading Autodesk to Outperform from Neutral and raising our target price to $70 from $50, as we believe that several significant changes to its business model will result in meaningful long-term upside to revenue (at limited incremental cost) and, therefore, operating profitability that is not reflected in consensus estimates or the stock's valuation.”

Autodesk, Inc. closed on Wednesday at $55.66.

Latest Ratings for ADSK

DateFirmActionFromTo
May 2019MaintainsNeutral
Apr 2019Initiates Coverage OnBuy
Apr 2019ReinstatesOverweight

View More Analyst Ratings for ADSK
View the Latest Analyst Ratings

Posted-In: Credit Suisse Philip WinslowAnalyst Color Upgrades Analyst Ratings

 

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