Deutsche Bank ‘more confident’ of Audodesk’s ability to sustain revenue growth

After attending Autodesk’s investor day, Deutsche Bank analyst Bhavin Shah feels "more confident" of Autodesk’s ability to sustain a 10%-15% revenue growth with 30%-35% free-cash-flow margins over the medium-to-long term. While the firm believes Autodesk’s product vision and go-to-market strategy positions the company to outpace market growth in the long-term, Deutsche Bank remains slightly cautious in the near term given the impact the macro can have on performance. The firm maintains a Hold rating and $225 price target on the stock.