Autodesk (ADSK) Gets a Buy Rating from Evercore ISI

By Austin Angelo

Evercore ISI analyst Kenneth Talanian maintained a Buy rating on Autodesk (ADSKResearch Report) on September 6 and set a price target of $190. The company’s shares closed last Monday at $150.35.

According to TipRanks.com, Talanian is a 5-star analyst with an average return of 15.2% and a 66.2% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and Symantec Corp.

Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $167.41, which is a 12.5% upside from current levels. In a report issued on August 22, KeyBanc also reiterated a Buy rating on the stock with a $196 price target.

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The company has a one-year high of $178.95 and a one-year low of $117.72. Currently, Autodesk has an average volume of 2.12M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit.