Autodesk, Inc. (NASDAQ:ADSK) is one of the best big tech stocks to buy according to Wall Street analysts.
BNP Paribas initiated coverage of Autodesk, Inc. (NASDAQ:ADSK) with an Outperform rating on June 18 and set a price target of $295
The company also received a rating update from Citi on June 1, with the firm lifting the price target on the stock to $252 from $246 and maintaining a Neutral rating on the shares. BNP Paribas told investors in a research note that it views the company’s fiscal Q1 as strong, and added that the acquisition of MaintainX provides a new growth opportunity. However, the firm also stated that the company’s decelerating core business could pressure the shares.
In a separate development, Autodesk, Inc. (NASDAQ:ADSK) announced on June 3 the signing of a strategic collaboration agreement (SCA) with Amazon Web Services, Inc. (AWS) through which the company will work with AWS to advance cloud-based solutions that help customers design, build, and operate more efficiently at scale. Autodesk, Inc. engages in the design of software and services. Its products include AutoCAD, BIM Collaborate Pro, Revit, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max.