KeyBanc analyst Jason Celino reiterated an Overweight rating and $305 price target on Autodesk, saying the firm’s Q2 quarter-end checks were more mixed, but reseller feedback regarding the new billings transaction system had improved compared to its mid-quarter update. With the overall tone of business largely unchanged, KeyBanc still expects AutoDesk to adjust its FY25 guidance to incorporate the billings transition in Europe. The firm said that, overlal, it continues to see a compelling margin expansion-led narrative change, and views AutoDesk as one of its favorite early 2025 ideas
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