Autodesk price target raised to $345 from $340 at Rosenblatt

Rosenblatt analyst Blair Abernethy raised the firm’s price target on Autodesk (ADSK) to $345 from $340 and keeps a Buy rating on the shares after the company reported Q1 results marginally ahead of the firm’s forecast. For its updated outlook, the positive impact of forex on Autodesk’s billings growth is now being partially offset by added caution to better reflect macro uncertainty, notes the analyst, who is making “minor adjustments” to the firm’s forecasts post Q1.

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