In a report released on August 24, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Autodesk (ADSK – Research Report), with a price target of $263.00. The company’s shares closed last Friday at $207.77.
Vruwink covers the Technology sector, focusing on stocks such as Autodesk, Manhattan Associates, and Ansys. According to TipRanks, Vruwink has an average return of 1.5% and a 52.56% success rate on recommended stocks.
Currently, the analyst consensus on Autodesk is a Strong Buy with an average price target of $266.23, a 28.14% upside from current levels. In a report released on August 25, Barclays also maintained a Buy rating on the stock with a $275.00 price target.
ADSK market cap is currently $45.14B and has a P/E ratio of 82.00.
Based on the recent corporate insider activity of 58 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.
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.
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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