Autodesk gains; BofA rates 'buy' citing AI edge

Design software company Autodesk's ADSK.O shares rise 1.1% to $238.69

BofA Global Research reinstates coverage with "buy" rating

Sets price objective at $300, implying a 23.1% upside to the stock's last close

Says ADSK's "data, 3D context, and decade-long AI investment give it structural advantages that are hard to replicate"

Brokerage says co has a "deep contextual understanding of geometry and assembly logic that is not available on the public web," giving ADSK an edge versus generic AI models

Average rating of 33 analysts is "buy;" their median PT is $327.50 - data compiled by LSEG

Stock has fallen 19.4% YTD