Autodesk Returns to Sales Growth
Autodesk (NASDAQ: ADSK) announced third-quarter earnings numbers this week that included the first year-over-year sales improvement since it shifted to a subscription-only business model in late 2016. The design software specialist posted healthy revenue growth and continued net losses as the management team announced a major new restructuring plan.
More on those cost cuts in a moment. First, here's how Autodesk's headline numbers stacked up against the prior-year period:
Metric
Source: Fool.com
Autodesk Inc. Stock
€221.90
-0.670%
The stock is one of the favorites of our community with 46 Buy predictions and 1 Sell predictions.
As a result the target price of 253 € shows a slightly positive potential of 14.02% compared to the current price of 221.9 € for Autodesk Inc..
