Seasoned software developer Autodesk Inc. (ADSK) has kept its hat in the ring in the construction and engineering software market making several recent acquisitions, and turning a strong profit during Q1FY21. Autodesk has seen robust growth after its transition to a subscription-based service, and retention has improved. (See Autodesk stock analysis on TipRanks)  Following the earnings release, Kenneth Wong of Guggenheim Partners assigned a Hold rating to the stock but did not delineate a price target. In a note to investors, Wong stated that he was cautiously optimistic about the company, noting that usage trends in all regions except for the U.S. have returned to pre-COVID-19 levels, construction projects are returning, and ADSK is seeing a full pipeline of business to take care of.
https://www.tipranks.com/news/article/upbeat-earnings-and-acquisitions-keep-autodesk-afloat
Autodesk (NASDAQ:ADSK)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Autodesk Charts.
Autodesk (NASDAQ:ADSK)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Autodesk Charts.