Wells Fargo raised the firm’s price target on Autodesk (ADSK) to $360 from $345 and keeps an Overweight rating on the shares. The firm notes Q1 results came in above expectations as the transaction model drove the FY26 billings raise, while revenue was unchanged. Management continues to frame the outlook prudently leaving Wells with confidence in durable growth and further margin expansion.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk: Strong Performance and Cautious Outlook Justify Hold Rating
- Autodesk price target raised to $350 from $310 at Stifel
- Autodesk price target raised to $350 from $323 at KeyBanc
- Autodesk price target raised to $355 from $325 at Barclays
- Autodesk price target raised to $350 from $300 at Oppenheimer