RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk (ADSK – Research Report) yesterday and set a price target of $320.00. The company’s shares closed last Thursday at $260.42.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 12.1% and a 57.46% success rate. Hedberg covers the Technology sector, focusing on stocks such as UiPath, Autodesk, and F5 Networks.
Autodesk has an analyst consensus of Moderate Buy, with a price target consensus of $290.71, which is an 11.63% upside from current levels. In a report released on March 20, Robert W. Baird also maintained a Buy rating on the stock with a $296.00 price target.
The company has a one-year high of $279.53 and a one-year low of $188.38. Currently, Autodesk has an average volume of 1.3M.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.
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Autodesk (ADSK) Company Description:
Autodesk, Inc. designs and develops software for the architecture, engineering, manufacturing, construction, and media and entertainment industries. Moreover, its digital media and entertainment solutions consists of tools for digital sculpting, animation, effects, modeling, rendering, and compositing for design visualization, visual effects, and games production.
