Autodesk to Present at Upcoming Investor Conferences
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Autodesk (ADSK) Investor Day: Business Model Transition is Right Move LT but Expect NT Headwinds Says Analyst, Firms Lower PTs
September 2, 2021 7:13 AM EDTShares of Autodesk (NASDAQ: ADSK) closed 2.2% lower yesterday in light of the 'Investor Day 2021' event.
Shares initially had traded higher before turning negative on the day after the management said it expects FY24 free cash flow to decline due to the transition to annualized billings for some customers.
ADSK presented three strategic focuses that will help drive growth beyond next year:
1) digital transformation, 2) leveraging key growth enablers; and 3) monetizing the long-tail, building a common data platform (Forge), and... More
Autodesk (ADSK) PT Lowered to $340 at Stifel
September 2, 2021 6:39 AM EDTStifel analyst Adam Borg lowered the price target on Autodesk (NASDAQ: ADSK) to $340.00 (from $370.00) while maintaining a Buy rating following the company's analyst day.
The analyst commented, "Autodesk delivered an upbeat investor day, walking through secular/company-specific growth opportunities across AEC,... More
Autodesk (ADSK) PT Lowered to $350 at Mizuho Securities
September 2, 2021 6:37 AM EDTMizuho Securities analyst Matthew Broome lowered the price target on Autodesk (NASDAQ: ADSK) to $350.00 (from $370.00) while maintaining a Buy rating.
The analyst commented, "Yesterday ADSK held its annual Investor Day virtually. Mgmt provided a strategy update and noted compelling investment opportunities across... More
