Autodesk Recieved its Third Buy in a Row

By George MacDonald

After RBC Capital and Pacific Crest assigned a Buy rating to Autodesk in the last month, the company received another Buy, this time from Pacific Crest. Analyst Brent Bracelin maintained a Buy rating on Autodesk (NASDAQ: ADSK) today and set a price target of $81. The company’s shares opened today at $63.05.

Currently, the analyst consensus on Autodesk is Moderate Buy and the average price target is $71.33, representing a 13.1% upside. In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a $73 price target.

The company has a one year high of $63 and a one year low of $44.76. Currently, Autodesk has an average volume of 1.51M.

According to TipRanks, Bracelin is a 2-star analyst with an average return of 1.2% and a 57.1% success rate. Bracelin covers the Technology sector, focusing on stocks such as Riverbed Technology, CommVault Systems, and Ubiquiti Networks.

Autodesk, Inc., designs software and services company, offering customers productive business solutions through powerful technology products and services.