
Shares of design software company Autodesk ADSK.O rise 7.3% to $315.6
Co forecast Q4 revenue and profit above Street estimates, boosted by subscription renewals and demand for AI-driven design tools
J.P. Morgan says co's strong execution, integrated platform strategy, and emphasis on AI give it a solid foundation for long-term, sustainable growth
Co expects Q4 revenue between $1.90 billion and $1.92 billion; Q3 revenue of $1.85 billion beat analyst estimates
25 of 31 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $375 - data compiled by LSEG
Including session move, stock up 6.6% YTD