Citigroup analyst Walter Pritchard this morning launched coverage of Autodesk (ADSK) with a Buy rating and a $41 price target.
“We believe numbers over the next several quarters are moving higher, which should alleviate skepticism around company�s ability to drive revenue [compound annual growth] of 12%- 14% through 2015,” he writes in a research note. “Near-term drivers include a return to normal revenue and expense seasonality, drivers that could boost volumes and price, and a recovery in emerging markets.”
ADSK this morning is up 33 cents, or 1%, to $32.19.
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