Wells Fargo raised the firm’s price target on Autodesk (ADSK) to $375 from $360 and keeps an Overweight rating on the shares. The firm notes the company’s Q2 came in well above expects as FY26 core billings and revenue guides increased 1ppt, while new FY29 margin targets imply 400bps of expansion. Management continues to prove out conservatism, leaving Wells more confident in ROY setup.
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