Autodesk price target raised to $257 from $225 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on Autodesk to $257 from $225 and keeps an Overweight rating on the shares ahead of the company’s Q4 results on February 23. The company’s multi-year activity and web traffic were strong in the quarter, the analyst tells investors in a research note. However, the firm thinks Street estimates may be "tad high" on Autodesk’s fiscal 2024 margins.