Autodesk Stock Back in Focus After Arete Cuts Target, Morgan Stanley Sticks With $350
Autodesk shares fell 3.5% to $231.55 by 3:37 p.m. EDT Friday as the Nasdaq dropped 1.97%. Arete Research lowered its price target to $456 from $460 but kept a buy rating. Morgan Stanley reiterated Overweight and a $350 target on March 18, citing stable reseller checks. Autodesk reported Q4 revenue up 19% to $1.957 billion and guided fiscal 2027 revenue to $8.10–$8.17 billion.