Autodesk price target raised to $239 from $230 at Baird

Baird raised the firm’s price target on Autodesk to $239 from $230 and keeps an Outperform rating on the shares. The firm said their reseller checks are seen as supporting a good F2Q update, with potential upside to billings and reiteration in FY24 outlook. Investor sentiment on Autodesk skews negative, and while they do not expect this update alone to end all debates, it likely is capable of driving favorable near-term repositioning.