Movement Alert｜Autodesk Falls 3.47% in Regular Trading, Multiple Institutions Lower Target Prices as $3.6B Acquisition Concerns Persist

Market Focus06-02 22:04

On June 2, Autodesk declined 3.47% in regular trading, trading at $238.12/share, with trading volume of approximately $67.46 million.

On the news front, multiple Wall Street firms have collectively lowered their target prices on Autodesk: RBC Capital reduced its target from $335 to $305, Wells Fargo from $350 to $330, and Morgan Stanley had previously cut from $350 to $315 — all maintaining positive ratings. The clustered downgrades reflect a broad pullback in market valuation expectations for the company.

Additionally, Autodesk recently announced an approximately $3.6 billion all-cash acquisition of maintenance and operations software company MaintainX, planning to deploy roughly $1.6 billion in cash on hand with the remainder funded through debt financing. Market concerns over the resulting financial burden and capital structure deterioration remain unresolved. While RBC noted the deal could position Autodesk for industrial AI, the near-term leverage risks continue to weigh on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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