Citi analyst Tyler Radke has reiterated their bullish stance on ADSK stock, giving a Buy rating today.
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Tyler Radke’s rating is based on a combination of factors, including the potential for margin expansion and the overall strong growth profile of Autodesk. Despite mixed results from a reseller survey and challenging macroeconomic conditions, Radke sees opportunities for Autodesk to capitalize on pricing strategies and the adoption of new technologies like GenAI solutions.
While economic indicators such as ABI and PMI have shown weaknesses, Radke expects Autodesk to slightly exceed its revenue and free cash flow targets in the near term. The company’s prudent guidance and the potential for activist involvement further support the Buy rating, with a target price of $374 reflecting an expected share price return of 26.4%.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $310.00 price target.