HSBC downgrades Autodesk on moderating earnings growth, valuation concerns

) to “hold” from “buy” as it expects moderating earnings growth and valuation concerns relative to peer Dassault Systèmes. Brokerage also lowered its target price on the stock by $9 to $290.

While Autodesk’s third-quarter results slightly exceeded Wall Street expectations, they fell short of HSBC’s estimates, note highlights. The company has raised its full-year guidance, now projecting fiscal 2025 revenue of $6.123 billion and adjusted earnings per share of $8.32, in line with consensus estimates.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and moreThese are the stocks posting the largest moves in extended trading.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potentialAsian markets will look 'very different' in 2025, HSBC says, sharing names that are 'outside of consensus ideas.'
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »