RBC Capital keeps an Outperform rating and $260 price target on Autodesk, stating it has been on the road with the management marketing a “good” Q2 with solid execution and what looks to be “building momentum” in the second half of FY24. The management’s tone was consistent from last quarter, and RBC has increased confidence around the path to sustainable double-digit revenue growth and building free cash flow for Autodesk, the analyst tells investors in a research note.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on ADSK:
- Fly Insider: Ingredion, ADP among week’s notable insider trades
- Autodesk director McDowell sells 4,656 common shares
- Autodesk’s highly differentiated software supports long-term growth, says Argus
- Autodesk price target lowered to $228.50 from $230 at Berenberg
- Early notable gainers among liquid option names on August 25th