Autodesk price target raised to $300 from $275 at Oppenheimer

Oppenheimer raised the firm’s price target on Autodesk to $300 from $275 and keeps an Outperform rating on the shares after attending Autodesk University this past week, where the firm caught up with partners, customers, and management. Autodesk intends to take a long-term view of AI monetization by growing the value proposition gap by deepening its product portfolio against the competition and delivering outsized productivity gains. Feedback from partners on the transaction model was largely consistent with messaging from Autodesk, the firm says. Demand was characterized as stable but still tepid with some cautious optimism for 2025. Oppenheimer heard positive commentary regarding ACC and improved competitive positioning against Procore.