- Oppenheimer updates on Autodesk (NASDAQ:ADSK) after a product demonstration of the company's construction project applications.
- Oppy on ADSK: "We believe the Construction opportunity has the potential to drive much of Autodesk’s growth over the next 12- to-36 months. We think the commercial construction industry can be mostly shielded from any macro growth weakness for a few years due to several factors discussed below (strong backlog, full employment). However, we are closely monitoring industry metrics for any signs of a prolonged slowdown."
- The firm keeps an Outperform rating on Autodesk and assigns a price target of $175 (19% upside potential) vs. teh sell-side consensus PT of $168.56.
- Shares of Autodesk are up 1.06% premarket to $147.20.