Oppenheimer analyst Kenneth Wong maintains $Autodesk (ADSK.US)$ with a buy rating, and adjusts the target price from $300 to $350.
According to TipRanks data, the analyst has a success rate of 65.9% and a total average return of 16.6% 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 support expectations for approximately 12% revenue growth in Q3 and guidance that aligns with Q4 projections. While it is noted that patience may be required from investors regarding clarifications on growth and margin opportunities until a new CFO is appointed, the current assessment shows an attractive entry point and favorable risk/reward.
A recent reseller survey linked to Autodesk revealed improved quota achievements and an anticipation of stronger growth over the upcoming year. Additionally, political concerns that had previously caused some project delays have been mitigated following the conclusion of the election, with leading macro indicators now showing more positive trends.
Conversations with partners indicate that Autodesk is positioned to accelerate its revenue growth and aims to reach a 30% free cash flow margin by FY26. Early model transition efforts are expected to contribute to improved results in the coming year.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
