Autodesk (ADSK) : Currently there are 13 street experts covering Autodesk (ADSK) stock. The most bullish and bearish price target for the stock is $81 and $42 respectively for the short term. The average price target of all the analysts comes to $61.08. The estimated standard deviation from the target is $11.44.
Autodesk (ADSK) has witnessed a rise of 11.4% or 1,032,527 shares in its short figure. The short interest augmentation took it from 9,034,313 on June 15,2016 to 10,066,840 on June 30,2016. In terms of floated shares, the short interest was calculated to be 4.5%. The days to cover are 5 given that the daily volume averaged 2,217,137 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, UBS maintains its view on Autodesk (NASDAQ:ADSK) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS raises the price target from $53 per share to $58 per share on Autodesk . The rating by the firm was issued on May 16, 2016.
Autodesk (NASDAQ:ADSK): stock turned positive on Thursday. Though the stock opened at $57.57, the bulls momentum made the stock top out at $58.285 level for the day. The stock recorded a low of $56.9 and closed the trading day at $58.16, in the green by 2.27%. The total traded volume for the day was 1,840,717. The stock had closed at $56.87 in the previous days trading.
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.