Autodesk (ADSK) has risen sharply, recording gains of 7.6% in the past 4 weeks. However, the stock has corrected -0.2% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Autodesk (NASDAQ:ADSK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.44 and $58.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.33, notching a gain of 1.85% for the day. The total traded volume was 1,729,356 . The stock had closed at $58.25 on the previous day.
The stock has recorded a 20-day Moving Average of 2.25% and the 50-Day Moving Average is 4.05%. Autodesk, Inc. is up 1.14% in the last 3-month period. Year-to-Date the stock performance stands at -2.63%.
Autodesk (ADSK) : The highest short term price target forecast on Autodesk (ADSK) is $81 and the lowest target price is $42. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $61.08 with a standard deviation of $11.44.
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.