RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk (NASDAQ:ADSK) on Sunday, setting a price target of $340, which is approximately 10.21% above the present share price of $308.51.
Hedberg expects Autodesk to post earnings per share (EPS) of $0.60 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Autodesk, with an average price target of $319.
The analysts price targets range from a high of $370 to a low of $266.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $952.4 million and a net profit of $168 million. The company's market cap is $67.84 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.7% and a 79.08% success rate.
Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.