高盛分析師質(zhì)疑歐特克的營業(yè)收入增長和總可達市場目標
GoldmanSachsanalystKashRanganmaintainedaSellratingonAutoDeskInc(NASDAQ:ADSK)andloweredthepricetargetfrom$230to$225.
RangannotedAutodeskasacategoryleaderwithadominantmarketpositionwithindesignandengineeringsoftware.
Theanalystnotedthecompany'sstrongcompetitivepositioningandrelativestickinesscouldcommandoperatingmarginsnorthof40%inthelongterm.
AlsoRead:What'sGoingOnWithAutodeskStockAfterEarnings?
Whileappreciatingfiscalfirst-quarter2025'sperformance,RanganhighlightedthatAutodeskisbecomingincreasinglyreliantonpriceinitscoredesignbusiness(drivingapprox.halfofits10–15%mid-termgrowthtarget),whichledtotheanalystdoubtingtheachievabilityofits$95billionTAM(fiscal2027)andtheabilityforrevenuegrowthtoinflecttowardsthemidpointofits10-15%framework.
Furthermore,withanalready-matureadjustedoperatingmarginprofile(>35%),continuedleveragecouldprovemoremuted,pertheanalyst.HesaidthatinvestorsmayneedtobemoreconcernedaboutthesustainabilityofADSK'smid-termFreeCashFlow(FCF),giventheresultsofthecompany'sinternalinvestigation.
PriceAction:ADSKsharesaretradinghigherby5.32%to$222.76atthelastcheckWednesday.
PhotoviaShutterstock
