Reported 2 days ago
Loop Capital has initiated coverage on Autodesk, Inc. (ADSK) with a 'Hold' rating and a price target of $320, signaling a potential upside of 6.28% from the current share price of $301.10. This decision is influenced by challenges in the core construction market due to high interest rates and material costs, although long-term optimism for ADSK remains. Additionally, Autodesk has recently abandoned its plans to acquire rival PTC, impacting its stock performance.
Source: YAHOO