Autodesk Inc (NASDAQ:ADSK) stock remains in focus after the software company delivered stronger-than-expected growth and profitability, while investors weighed an improved revenue outlook against a more measured margin forecast.
• Autodesk shares are retreating from recent levels. Why is ADSK stock dropping?
BTIG Sees Stronger Organic Growth
BTIG analyst Nick Altmann reiterated a Buy rating on Autodesk with a $300 price forecast, citing stronger-than-expected revenue growth, resilient renewals and improving expansion activity.
Altmann said Autodesk delivered 14% constant-currency revenue growth, ahead of BTIG’s 12% estimate. Reported revenue increased 16%, or 14% in constant currency.
