Scotiabank Starts Autodesk (ADSK) at Sector Outperform

Scotiabank analyst Allan Verkhovski initiates coverage on Autodesk (NASDAQ: ADSK) with a Sector Outperform rating and a price target of $360.00.

The analyst comments "We have initiated coverage on the common shares of Autodesk, Inc. (ADSK) with a Sector Outperform rating and target price of $360 per share. Our target price is based on 36x C2026E EV/FCF. Growth in AEC, as easy as 1-2-3. Autodesk is the undisputed leader in Architecture, Engineering, and Construction (AEC), with software solutions AutoCAD and Revit being regarded as the industry standards. This segment has grown in the mid-teens for the last two years and is driving more than half of ADSK’s revenue growth. Strength in the segment has been driven by infrastructure and construction, with customers consolidating onto ADSK to connect their previously siloed workflows through the cloud."

For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.

Shares of Autodesk closed at $299.15 yesterday.

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