On June 1, Autodesk rose 4.19% in regular trading, trading at $239.54/share, with trading volume of approximately $84.44 million. The rebound follows the previous trading session's 4% decline, as the market repriced the company's strong Q1 performance.
On the news front, Autodesk previously reported Q1 adjusted earnings per share of $2.99, beating the analyst consensus estimate of $2.84 by approximately 5.28%. Revenue came in at $1.934 billion, also exceeding the consensus expectation of $1.893 billion, representing an 18.4% year-over-year increase. The prior session's selloff was triggered by flat full-year guidance and concerns over the $3.6 billion all-cash acquisition of MaintainX. Multiple Wall Street firms maintained positive ratings despite trimming target prices — Wells Fargo lowered its target to $330 maintaining Overweight, RBC Capital adjusted to $305 maintaining Outperform, and Rothschild set a $360 target maintaining Buy — providing a supportive floor for the oversold rebound.
(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.)
Comments