Entry level $182 = Target price $194 = Stop loss $175
The stock is very bullish on fundamentals and is in the process of a technical breakout, nut the RSI is overbought so upside could be limited before a back test of breakout level.
Autodesk (ADSK) beat on earnings and beat on revenue - $824 million expected vs. $843 million, revenue growth at 27.5%.
Company profile
Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.
The stock is very bullish on fundamentals and is in the process of a technical breakout, nut the RSI is overbought so upside could be limited before a back test of breakout level.
Autodesk (ADSK) beat on earnings and beat on revenue - $824 million expected vs. $843 million, revenue growth at 27.5%.
Company profile
Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.