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Autodesk price target lowered to $250 from $325 at Credit Suisse
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Autodesk price target lowered to $250 from $325 at Credit Suisse

Credit Suisse analyst Sami Badri lowered the firm’s price target on Autodesk to $250 from $325 and keeps an Outperform rating on the shares. The firm notes the company reported solid Q4 results with revenue, billings, and free cash flow ahead of consensus expectations and Q1 guidance suggesting a continued revenue deceleration at the midpoint. Billings and free cash flow were the standouts with the beats driven by a large customer cohort renewal and strong multi-year upfront billings, despite the weaker macroeconomic environment, with long-term deferred revenue coming in $165M better than consensus.

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