Autodesk August volatility increases into Q2 and outlook Autodesk August call option implied volatility is at 107, October is at 34, January is at 31; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close today.
Autodesk downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Autodesk to Underperform from Neutral. The analyst believes Autodesk shares are piced to perfection and said it is unclear how the planned perpetual license phase-out is progressing. Price target is $56.
Autodesk a top pick for 2015, says Cowen Cowen highlighted Autodesk as a top pick for 2015 as the company implements a plan to steer its customers to subscription offerings, which should lead to a wave of perpetual buying in the upcoming years. Cowen reiterated its Outperform rating and $73 price target on Autodesk shares.