Autodesk price target raised to $66 from $60 at Pacific Crest Pacific Crest raised its price target for Autodesk shares to $66 saying the company's Q2 results show it is successfully moving to the cloud. The firm keeps an Outperform rating on the stock.
Autodesk estimates raised after 'robust' checks at Pacific Crest Pacific Crest raised its estimates for Autodesk to the higher end of management guidance after its European channel checks came back "robust." The firm says after some initially weak reseller checks in the U.K. and Germany, those markets have improved. It sees potential upside to guidance and keeps an Outperform rating on Autodesk.