Autodesk price target raised to $320 from $290 at RBC Capital

RBC Capital raised the firm’s price target on Autodesk to $320 from $290 and keeps an Outperform rating on the shares. The company reported a solid quarter that did a good job of moving past the introduction of another transition and a debatable outlook provided last quarter, the analyst tells investors in a research note. While there remain moving parts around the transaction pricing model transition, the firm has come away with more confidence around Autodesk’s opportunity and that free cash flows bottomed in FY24, RBC added.