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,ADSKattractednofewerthan13pricetargethikesthismorning,withMorganStanleyandStifeladjustingtheirobjectivesto269.69, ADSK attracted no fewer than 13 price-target hikes this morning, with Morgan Stanley and Stifel adjusting their objectives to 320 from 305and305 and 290, respectively. Shares are trading at their highest level since March, and are on tra ...