Morgan Stanley Sticks to Their Hold Rating for Autodesk (ADSK)

In a report released today, Keith Weiss from Morgan Stanley reiterated a Hold rating on Autodesk (ADSKResearch Report). The company’s shares closed last Wednesday at $243.70, close to its 52-week high of $254.35.

According to, Weiss is a 5-star analyst with an average return of 18.4% and a 71.4% success rate. Weiss covers the Technology sector, focusing on stocks such as Palo Alto Networks, Slack Technologies, and CyberArk Software.

Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $258.47.

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Based on Autodesk’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $886 million and net profit of $66.5 million. In comparison, last year the company earned revenue of $736 million and had a GAAP net loss of $24.2 million.

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Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.