Argus analyst Joseph Bonner raised his price target on Autodesk to $184 and kept his Buy rating, saying he continues to see "a strong multi-year revenue and profit ramp" even though the company's FY20 guidance may have disappointed the market. The analyst states that Autodesk has now reported four consecutive quarters of profitability as it works to "make its software offerings indispensable to its core customers in the construction and manufacturing design industries." Bonner adds that the company's 35% premium valuation relative to its peer group average on enterprise value to expected revenue basis is also below the 48% premium held by Autodesk over the past two years.

Autodesk announced an interoperability agreement with the Nemetschek Group to improve open collaboration and efficiencies for the architecture, engineering, construction and operations, or AECO, and media and entertainment industries. The agreement will enhance existing interoperability between the two companies' industry cloud and desktop products and improve the fluent exchange of information across solutions. Whether constructing buildings or highways or producing media assets, working with cloud-connected tools powers automation and unlocks valuable insights for better decisions at every stage of a project. But too often, people, processes, and data are siloed due to software and file incompatibility, resulting in inefficient workflows. Under the terms of the agreement, Autodesk and the Nemetschek Group will provide mutual access to their APIs and industry clouds, thereby giving developer access to Autodesk solutions including AutoCAD, Revit, 3ds Max and Maya, as well as Autodesk Forma and Autodesk Construction Cloud, similarly to Nemetschek solutions including Allplan, Archicad, Bluebeam, Maxon One, Vectorworks as well as Nemetschek's relevant cloud platforms. This will enable the two companies to improve upon existing data exchanges and open new data-centric workflows that span disciplines and industries.