Baird analyst Joseph Vruwink maintains $Autodesk (ADSK.US)$ with a buy rating, and maintains the target price at $330.
According to TipRanks data, the analyst has a success rate of 68.1% and a total average return of 13.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autodesk (ADSK.US)$'s main analysts recently are as follows:
Expectations are set for Autodesk's billings to accelerate, particularly as transitions in North America and Europe unfold. The analysis this quarter produces a more positive than negative perspective on the company's progress.
While the macro environment continues to present challenges, feedback from resellers about performance relative to plans has remained stable from one quarter to the next, with a slight improvement in expected results for FY25.
Following discussions with three Autodesk platinum-level channel partners for a deeper insight into business trends before the upcoming fiscal Q3 report on November 26, it is anticipated that Autodesk will deliver at least in-line Q3 results. There is also an expectation for an adjustment in FY25 guidance corresponding to the performance reported.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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