Autodesk price target raised to $245 from $240 at Stifel

Stifel raised the firm’s price target on Autodesk to $245 from $240 and keeps a Buy rating on the shares following what the firm called “a better-than-feared print.” While the uncertain macro backdrop remains an overhang, the firm is “pleased to see solid execution and management walking up guidance,” as it continues to believe Autodesk “remains very well-positioned strategically and has a number of drivers to sustain normalized double-digit topline growth,” the analyst tells investors.