UBS Comments on Autodesk, Maintains Buy

UBS analyst, Brent Thill provided insight into the outlook of Autodesk, Inc.

in a note issued Friday. Citing a favorable setup over the next several year as the company transitions to cloud and recurring subcriptions, Thill has maintained a Buy rating and $60 price target for the stock. He noted Adobe's

transition to the cloud and subscriptions has been "very favorable" for the sock. As an additional point, Thill noted he believe less than 20 percent of the current user base is on recurring subscriptions.