New Buy Recommendation for This Technology Giant

Barclays analyst Saket Kalia reiterated a Buy rating on Autodesk (NASDAQ: ADSK) today and set a price target of $114. The company’s shares opened today at $108, close to its 52-week high of $112.18.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 8.3% and a 53.2% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Palo Alto Networks, and SecureWorks Corp.

Currently, the analyst consensus on Autodesk is Strong Buy and the average price target is $114.80, representing a 6.3% upside.

In a report issued on May 9, Wedbush also upgraded the stock to Buy with a $120 price target.

The company has a one year high of $112.18 and a one year low of $49.82. Currently, Autodesk has an average volume of 2.07M.

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Autodesk, Inc. engages in the designing and developing multimedia software products. It includes Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.

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