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Autodesk ADSK - News Analyzed: 3,978 - Last Week: 99 - Last Month: 497

↑ Autodesk (ADSK) Demonstrates Strong Market Performance Amid Q3 Wins and New CFO Appointment

Autodesk (ADSK) Demonstrates Strong Market Performance Amid Q3 Wins and New CFO Appointment
Franklin Resources Inc. holds $413.41 million in Autodesk stock (NASDAQ:ADSK). Added to Parnassus Mid Cap Growth Fund portfolio, the company is seen as a good investment for augmented reality. Macquarie initiates coverage of Autodesk with Outperform recommendation. Cost cuttings are being focused upon under Starboard pressure. Janesh Moorjani is appointed the new CFO, causing slight instability for Autodesk’s stock. New investment interests show from World Investment Advisors LLC and several others, while assets held by some are being trimmed. Autodesk’s Q3 earnings surpassed estimates, showing AI-driven growth across key segments, and the price target for their stock was set at $320.33. HSBC downgraded them to hold, setting a $290 price target amidst AI-powered design advancements. Q3 results indicate a rise in earnings due to double-digit revenue growth. Various analysts have initiated coverage and reiterated its outperform rating. An AI collaboration for Sustainable Building Design with Trane was noted. A bullish note begins coverage and Top 5 initiations were mentioned. Autodesk's future returns look promising, and the stock price is speculated to be undervalued.

Autodesk ADSK News Analytics from Tue, 27 Aug 2024 07:00:00 GMT to Sat, 14 Dec 2024 11:38:24 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -7

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