In a report issued on November 23, Kenneth Wong from Guggenheim maintained a Hold rating on Autodesk (ADSK – Research Report). The company’s shares closed last Wednesday at $256.90, close to its 52-week low of $245.05.
According to TipRanks.com, Wong is a 5-star analyst with an average return of 25.2% and a 67.6% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Progress Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $339.27 average price target, representing a 29.1% upside. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $344.00 price target.
Autodesk’s market cap is currently $56.48B and has a P/E ratio of 51.40. The company has a Price to Book ratio of -24.34.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Autodesk, Inc. designs and develops software for the architecture, engineering, manufacturing, construction, and media and entertainment industries. Moreover, its digital media and entertainment solutions consists of tools for digital sculpting, animation, effects, modeling, rendering, and compositing for design visualization, visual effects, and games production.
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