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Analysts Offer Insights on Technology Companies: Autodesk (ADSK) and Lockheed Martin (LMT)

Analysts have been eager to weigh in on the Technology sector with new ratings on Autodesk (ADSKResearch Report) and Lockheed Martin (LMTResearch Report).

Autodesk (ADSK)

Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on Autodesk on July 20 and set a price target of $260.00. The company’s shares closed last Thursday at $199.10.

According to TipRanks.com, Vruwink is a 1-star analyst with an average return of -1.8% and a 44.1% success rate. Vruwink covers the Technology sector, focusing on stocks such as Instructure Holdings, Manhattan Associates, and Bentley Systems.

Autodesk has an analyst consensus of Strong Buy, with a price target consensus of $258.08, which is a 31.5% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

Lockheed Martin (LMT)

In a report issued on July 19, Peter Arment from Robert W. Baird maintained a Hold rating on Lockheed Martin, with a price target of $513.00. The company’s shares closed last Thursday at $395.20.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 7.6% and a 56.6% success rate. Arment covers the Technology sector, focusing on stocks such as Spirit AeroSystems, Maxar Technologies, and Caci International.

Currently, the analyst consensus on Lockheed Martin is a Moderate Buy with an average price target of $474.38, a 20.3% upside from current levels. In a report issued on July 7, Cowen & Co. also maintained a Hold rating on the stock with a $470.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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