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ADSK

Autodesk

$169.64 /

-4.47 (-2.57%)

05:14
05/24/19
05/24
05:14
05/24/19
05:14

Autodesk Q1 results did not ease concerns, says MUFG

MUFG analyst Stephen Bersey says Autodesk's Q1 results did little to assuage his longer-term growth concerns for the company. An "entrenched" maintenance base and "sizable" piracy contingent are symptomatic of Autodesk's "tepid" research and development spend and "poor" organic innovation track record, Bersey tells investors in a post-earnings note. The analyst raised his price target for the shares to $94 from $91 to reflect the re-rating of the software sector but keeps an Underweight rating on Autodesk.

  • 10

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ADSK Autodesk
$169.64 /

-4.47 (-2.57%)

04/11/19 MZHO
Autodesk initiated with a Buy at Mizuho
04/11/19
Autodesk initiated with a Buy at Mizuho
04/12/19
Fly Intel: Top five analyst initiations
05/21/19 RBCM
Autodesk Q1 to mark strong start to FY20, says RBC Capital

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