Autodesk price target raised to $311 from $257 at Piper Sandler

Piper Sandler raised the firm’s price target on Autodesk (ADSK) to $311 from $257 and keeps a Neutral rating on the shares. The firm notes Autodesk posted a solid Q3 with modest raises across all metrics. While typically giving a look ahead to FY+1 revenue growth in Q3, the company appears to be holding off on any updates to out-year targets until Moorjani is able to settle into the CFO role, Piper adds.