New Buy Rating for Autodesk (ADSK), the Technology Giant

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Autodesk (ADSKResearch Report) today. The company’s shares opened today at $197.40.

According to TipRanks, Abernethy is an analyst with an average return of -4.7% and a 35.98% success rate. Abernethy covers the Technology sector, focusing on stocks such as Autodesk, Ansys, and Splunk.

In addition to Rosenblatt Securities, Autodesk also received a Buy from RBC Capital’s Matthew Hedberg in a report issued today. However, on September 16, J.P. Morgan initiated coverage with a Hold rating on Autodesk (NASDAQ: ADSK).

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ADSK market cap is currently $42.09B and has a P/E ratio of 76.85.

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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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