Barclays Thinks Autodesk’s Stock is Going to Recover

In a report issued on February 25, Saket Kalia from Barclays maintained a Buy rating on Autodesk (ADSKResearch Report), with a price target of $275.00. The company’s shares closed last Friday at $219.62, close to its 52-week low of $199.63.

According to, Kalia is a 5-star analyst with an average return of 16.1% and a 58.7% success rate. Kalia covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Duck Creek Technologies, and Ping Identity Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Autodesk with a $280.07 average price target, representing a 28.4% upside. In a report issued on February 17, Citigroup also initiated coverage with a Buy rating on the stock with a $305.00 price target.

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Based on Autodesk’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.21 billion and net profit of $89.1 million. In comparison, last year the company earned revenue of $1.04 billion and had a net profit of $911 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.

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Autodesk, Inc. designs and develops software for the architecture, engineering, manufacturing, construction, and media and entertainment industries. Moreover, its digital media and entertainment solutions consists of tools for digital sculpting, animation, effects, modeling, rendering, and compositing for design visualization, visual effects, and games production.

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