Autodesk's Shares Earn Hold Consensus Rating
Analysts Weigh In on Company's Future
18 Analysts Set Average Price Target of $262.42
Shares of Autodesk Inc. (NASDAQ: ADSK) have received a consensus recommendation of Hold, according to the latest analyst ratings. The average rating for the stock is Hold, with 18 analysts providing a 12-month price target of $262.42.
The most recent rating comes from Michael Funk of Bank of America Securities, who maintained a Hold rating on the stock in a report released yesterday. Siti Panigrahi of Deutsche Bank also maintained a Hold rating on the stock, citing the ongoing internal audit investigation at Autodesk.
Autodesk's shares have been under pressure in recent months due to concerns about the company's slowing growth rate. The company has also been facing increased competition from rivals such as Adobe and Dassault Systemes.
Despite the recent challenges, analysts remain optimistic about Autodesk's long-term prospects. The company is a leader in the design software market, and it has a strong track record of innovation.
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