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Stock impact report

Autodesk, Inc. (ADSK) To Cut 7% of its Workforce [Yahoo! Finance]

Autodesk, Inc. (ADSK) 
Last autodesk, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.autodesk.com/investor-overview
Company Research Source: Yahoo! Finance
Autodesk, Inc. (NASDAQ:ADSK) will cut 7% of its global workforce, which translates to around 1,000 jobs, to increase its spending on cloud and AI platforms. Following the announcement, the share price moved up by roughly 3%. ?That said, Wall Street is bullish on the stock, with analysts' 12-month price target suggesting more than 47% upside. Recently, on January 21, Siti Panigrahi from Mizuho Securities reiterated a Buy rating on the stock without disclosing any price target. Earlier, on January 13, Piper Sandler also reiterated an Overweight rating on Autodesk, Inc. (NASDAQ:ADSK) with a $373 price target. ?Analysts at Piper Sandler noted the company to be one of its top picks for 2026, mainly due to its progress in the generative AI solutions for various industries. The firm noted that Autodesk has made significant progress over the past few years in successfully monetizing changes in the industry. ?Autodesk, Inc. (NASDAQ:ADSK) is a leading software provider to designers, engin Show less Read more
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