Autodesk (ADSK) Shares Rally 0.89% on DA Davidson Upgrade

Generated by AI AgentAinvest Movers Radar
Monday, Jul 7, 2025 7:22 pm ET1min read

Autodesk (ADSK) shares rose to their highest level since November 2024 today, with an intraday gain of 0.89%.

The strategy of buying shares after they reached a recent high and selling them one week later delivered moderate returns but came with significant volatility and risk. The strategy’s CAGR was 23.41%, trailing the benchmark by 2.36 percentage points. With a maximum drawdown of -29.53% and a Sharpe ratio of 0.86, the strategy indicated a challenging risk-return profile, highlighting the importance of risk management in such a volatile scenario.

On July 7, 2025, DA Davidson analyst William Jellison announced an upgrade for

(ADSK), moving the rating from "Neutral" to "Buy". This upgrade reflects a positive outlook on the company's future performance. Additionally, DA Davidson adjusted the price target for Autodesk from $305 to $375, indicating confidence in the company's potential for stronger earnings and margin growth. This move by DA Davidson is likely to have a significant impact on investor sentiment, potentially driving further gains in Autodesk's stock price.


Comments



Add a public comment...
No comments

No comments yet