Autodesk Stock Soars As Analysts Cheer Q2 Beat, 'Continued Momentum'

Autodesk Inc (NASDAQ:ADSK) shares rallied in early trading on Friday after the company reported upbeat fiscal second-quarter results.

Here are some analyst takeaways.

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating, while raising the price target from $345 to $355.

Goldman Sachs analyst Kash Rangan reiterated a Neutral rating, while lifting the price target from $300 to $320.

Check out other analyst stock ratings.

Rosenblatt Securities: Autodesk reported revenue of $1,763 million, up 17% year-on-year, topping consensus of $1,724.7 million, Abernethy said in a note. The transaction model shift contributed around 6% to revenue growth, he added.

The company ...