Citi Cuts Autodesk Rating to Neutral, Lowers Target to $246
Citi analyst Tyler Radke cut Autodesk’s rating from Buy to Neutral and reduced his 12-month price target to $246. The downgrade highlights mounting doubts over the design software leader’s growth momentum in its core applications segment.
1. Citi Downgrades Autodesk Rating to Neutral
On Friday, Citi analyst Tyler Radke cut Autodesk’s rating from Buy to Neutral and lowered the 12-month price target to $246, underscoring rising doubts about the company’s growth momentum in its core design software segment.
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