2 Software Stocks Rising After Earnings
ADSKAutodesk(ADSK) Schaeffers Investment Research·2024-08-30 22:20

Autodesk Inc (NASDAQ:ADSK) and MongoDB Inc (NASDAQ:MDB) are enjoying post-earnings tailwinds this morning. Both software companies reported top- and bottom-line wins for the second quarter, and also raised their annual revenue and profit forecasts.Last seen up 4.4% at $269.69, ADSK attracted no fewer than 13 price-target hikes this morning, with Morgan Stanley and Stifel adjusting their objectives to $320 from $305 and $290, respectively. Shares are trading at their highest level since March, and are on tra ...