Morgan Stanley analyst Elizabeth Porter maintains $Autodesk (ADSK.US)$ with a buy rating, and adjusts the target price from $320 to $375.
According to TipRanks data, the analyst has a success rate of 50.8% and a total average return of 1.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autodesk (ADSK.US)$'s main analysts recently are as follows:
Stable checks bolster expectations for approximately 12% revenue growth in Q3 and guidance aligning for Q4. While there may be a period of anticipation for insights on growth and margin opportunities pending the appointment of a new CFO, the current valuation presents an attractive entry point with favorable risk/reward dynamics.
A more favorable third-quarter outlook for Autodesk is anticipated following a healthier outcome in reseller surveys. These surveys highlighted enhanced quota achievements and elevated growth expectations for the subsequent 12 months. Additionally, recent discussions underscored a temporary hesitancy in projects due to political and election uncertainties, which have since been mitigated post-election, while key macroeconomic indicators have shown improvement.
Analyst discussions indicate that Autodesk is strategically positioned to accelerate its revenue growth and aim for a 30% free cash flow margin by FY26. Early efforts to transition models are expected to yield improving outcomes into the following year.
Note:
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