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ADSK

Autodesk

$190.79

-0.31 (-0.16%)

07:43
01/16/20
01/16
07:43
01/16/20
07:43

Autodesk price target raised to $240 from $200 at Wells Fargo

Wells Fargo analyst Philip Winslow raised his price target for Autodesk to $240 from $200, while keeping an Overweight rating on the shares. The analyst anticipates continued healthy growth in software spending in 2020 and expects software stocks as a whole to relatively outperform the market. Furthermore, Winslow believes the next decade will bring "massive advances" toward a more fully connected and immersive world - one in which artificial intelligence and machine learning, natural language processing, augmented reality, 5G, edge/fog, and the Internet of Things mature and become both commonplace and transformative. He expects software to be a key enabler of this increasingly connected decade.

  • 16

    Jan

ADSK Autodesk
$190.79

-0.31 (-0.16%)

12/12/19
JPMS
12/12/19
NO CHANGE
JPMS
JPMorgan makes two downgrades, two upgrades in Software Technology
JPMorgan analyst Jackson Ader upgraded both Model N (MODN) and Synopsys (SNPS) to Overweight from Neutral while downgrading both Autodesk (ADSK) and Ansys (ANSS) to Underweight from Neutral. The major catalyst for both the economy and the Software sector will be the outcome on China trade negotiations, analysts Sterling Auty and Ader tells investors in a research note. Their approach for 2020 is a "balanced attack on secular high-growth and more valuation-attractive names." Ader cites valuation and macro uncertainty for his two downgrades. Their top picks for 2020: RingCentral (RNG), Avalara (AVLR), Zoom Video (ZM), Akamai (AKAM), and FireEye (FEYE).
01/13/20
BERN
01/13/20
DOWNGRADE
Target $197
BERN
Market Perform
Autodesk downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Zane Chrane downgraded Autodesk to Market Perform from Outperform with a price target of $197, up from $189. Following a 50% rally in 2019, the analyst believes the stock is fairly valued and that investors will likely have better entry point. The stock now trading at peak free cash flow multiples since the company's subscription transition, implying that investor expectations for 2020 are elevated, Chrane tells investors in a research note.
01/13/20
FBCO
01/13/20
NO CHANGE
Target $210
FBCO
Outperform
Autodesk price target raised to $210 from $185 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Autodesk to $210 from $185 as he anticipates the company will continue to grow ARR and free cash flow at consistent levels as well as execute against the construction opportunity. The analyst reiterates an Outperform rating on the shares.
01/13/20
RBCM
01/13/20
NO CHANGE
Target $205
RBCM
Outperform
Autodesk price target raised to $205 from $189 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on Autodesk to $205 and kept his Outperform rating. The analyst contends that the company is in the "early innings" of monetizing its install base through subscription offerings and migration to Collections while also expanding its install base in new verticals that includes Construction. Hedberg is also positive on Autodesk's expanding operating and free cash flow margins as well as its conversion of non-compliant users to paid users. The analyst further states that the company's subscription model should perform better relative to the previous downturns in the event of a slowdown.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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  • 05

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CE

Celanese

$117.54

-0.53 (-0.45%)

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  • 31

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
01/17/20
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17:32
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17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
01/17/20
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17:20
Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
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17:18
Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
17:14
01/17/20
17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

Virtual Special…

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
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Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
01/17/20
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16:38
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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16:30
01/17/20
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16:30
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Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
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Nesco Holdings requests withdrawal of registration statement »

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

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GPS

Gap

$18.54

-0.075 (-0.40%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

(0.00%)

PLAY

Dave & Buster's

$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

-7.89 (-2.38%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

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  • 17

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    Jan

  • 29

    Jan

  • 29

    Jan

  • 31

    Jan

  • 26

    Feb

  • 27

    Feb

  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

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Apellis CEO sells 30.6K shares of common stock »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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16:15
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Treasury Market Summary »

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LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
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Legacy Acquisition Corp extends date to consummate proposed business combination »

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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