Short Term Rating on Autodesk (ADSK)

Autodesk (ADSK) : The consensus on Autodesk (ADSK) based on 14 analyst recommendation on the company stock is 2.21, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Autodesk (ADSK).

Autodesk (ADSK) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $81 and the lowest price target forecast is $42. The average forecast of all the analysts is $61.08 and the expected standard deviation is $11.44.

For the current week, the company shares have a recommendation consensus of Buy.


Autodesk (NASDAQ:ADSK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.91 and $55.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.38, notching a gain of 3.41% for the day. The total traded volume was 1,758,977 . The stock had closed at $55.49 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.