Bank Of America Reiterates Buy Rating On Autodesk

According to Bank of America, Autodesk ADSK Buy rating is reiterated. Bank of America said that the AEC market has not enjoyed the boom seen by the manufacturing vertical and its recovery has been slow and long thus far. “We reiterate our Buy and view ADSK as a winner in the CAD software space. ADSK is undergoing a business model transition increasing its subscription revs – Dassault sets a benchmark here with a large subscription base and, in our view, is where ADSK could get to LT. We believe ADSK is gaining share in its end markets through competitive displacements, benefitting from better tech + broader distribution + lower price point, which could allow it to outperform industry growth.” Autodesk closed yesterday at $41.36.