Autodesk price target raised to $293 from $232 at BMO Capital

BMO Capital raised the firm’s price target on Autodesk to $293 from $232 and keeps a Market Perform rating on the shares. The company delivered a “solid” FY24, better than expected topline guidance for FY25, and in-line free cash flow “flash” for FY26, the analyst tells investors in a research note. Greater clarity around the end state of the billings transition and forthcoming business model changes are supportive to the Autodesk valuation multiple, the firm added.