Argus keeps a Buy rating and $265 price target on Autodesk but also raises the firm’s FY24 EPS view by 18c to $7.49 and its FY25 view by 11c to $8.26 after the company’s Q2 earnings beat and guidance raise. The company has demonstrated “laudable” cost leverage in a weak business environment, and while the stock has been volatile this year, Autodesk’s highly differentiated software continues to support long-term growth, the analyst tells investors in a research note.
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