Autodesk (ADSK) : Traders are bullish on Autodesk (ADSK) as it has outperformed the S&P 500 by a wide margin of 8.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.14% in the last 1 week, and is up 6.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.9% and the 50-Day Moving Average is 9.31%.The 200 Day SMA reached 17.49% Autodesk, Inc. is up 19.27% in the last 3-month period. Year-to-Date the stock performance stands at 10.95%.
Autodesk (ADSK) : Average target price received by Autodesk (ADSK) is $64.69 with an expected standard deviation of $13.28. The most aggressive target on the stock is $81, whereas the most downbeat target is $42. 13 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Autodesk (NASDAQ:ADSK): The stock opened at $66.9 and touched an intraday high of $67.99 on Friday. During the day, the stock corrected to an intraday low of $66.36, however, the bulls stepped in and pushed the price higher to close in the green at $67.6 with a gain of 0.31% for the day. The total traded volume for the day was 7,049,208. The stock had closed at $67.39 in the previous trading session.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.