Stock Of The Day: Autodesk Beats Earnings As Shares Find Support At This Level
Update: Autodesk Shares Fall After New CFO Named, Q3 Results Announced
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Rosenblatt Securities Maintains Autodesk(ADSK.US) With Buy Rating, Raises Target Price to $325
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Rosenblatt raised Autodesk's target price to $325.
Gelonghui November 27 | Rosenblatt: raised Autodesk's target price from $295 to $325, maintaining a "buy" rating. (Gelonghui)
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U.S. stocks moved | Autodesk fell over 8% as third-quarter revenue was below expectations, appointing a new CFO.
On November 27, Glonghui reported that design software manufacturer autodesk (ADSK.US) fell by 8.16%, closing at $292.01. In terms of news, autodesk announced its third-quarter results for fiscal year 2025, with revenue growing 11% year-on-year to $1.57 billion, slightly below the analyst's expected $1.61 billion; adjusted eps was $2.17, exceeding the analyst's expectation of $2.12. During the period, total billings increased by 28% year-on-year to $1.54 billion. Guidance indicates that the company's full-year revenue is expected to be between $6.12 billion and $6.13 billion, compared to a previous estimate of $6.08 billion.
Morgan Stanley Maintains Autodesk(ADSK.US) With Buy Rating, Maintains Target Price $375
Oppenheimer Maintains Autodesk(ADSK.US) With Buy Rating, Maintains Target Price $350
Autodesk Is Maintained at Market Perform by BMO Capital