Jefferies Initiates Autodesk with Buy Rating and $300 Price Target

Key Facts

Jefferies has initiated coverage on Autodesk (ADSK) with a Buy rating and a $300 price target, as the stock recently closed at $243.16 with a 1.6% gain, outperforming the broader market. This upward move came amid mixed performance in other equities, where PagSeguro rose 2.12% while Ford and Uber saw declines of 2.16% and 1.04% respectively. Adding to the corporate developments, CEO Andrew Anagnost received a stock award of 52,762 shares, and EVP Ruth Ann Keene was granted 7,785 shares as part of a two-year vesting RSU plan. This internal activity follows fresh institutional interest from firms like Dara Capital US in the $48.46 billion company. The divergence between Jefferies' bullish outlook and Citi's more neutral $246 target highlights a complex sentiment landscape. Investors are now weighing these executive incentives and recent price momentum against shifting valuation models in the software sector.