Autodesk (ADSK) : 14 analysts are covering Autodesk (ADSK) and their average rating on the stock is 2.21, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Autodesk (ADSK) : Average target price received by Autodesk (ADSK) is $61.08 with an expected standard deviation of $11.44. The most aggressive target on the stock is $81, whereas the most downbeat target is $42. 13 financial analysts are currently covering the stock.
Autodesk (NASDAQ:ADSK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.52 and $51.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.96, notching a gain of 0.30% for the day. The total traded volume was 1,115,396 . The stock had closed at $52.80 on the previous day.
Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Autodesk (NASDAQ:ADSK). UBS has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $58 per share from a prior target of $53. The rating by the firm was issued on May 16, 2016. The company shares have rallied 0.61% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $65.78 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $56.74 and the 200 Day Moving Average price is recorded at $55.43.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.