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298.12
1.53%
4.49
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298.12
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Why is Autodesk Inc (ADSK) Stock down?
We've noticed a 8.59% decline in Autodesk Inc (ADSK) stock during the 2024-11-27 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
22 Nov, 2023:
Shares of Autodesk Inc. (ADSK) dropped by 6.90% from $217.67 to $202.66 in the trading on Wednesday, November 22, 2023. The reason why ADSK is down today is due to a reduction in its price target by financial institutions. While maintaining a "Neutral" rating on Autodesk, Mizuho lowered the company's price target from $220 to $200. This adjustment in the price target likely influenced investor sentiment, contributing to the stock's decline. Concurrently, Stifel reaffirmed a "Buy" rating on ADSK, offering a different perspective on the company's performance. These varying assessments from financial institutions may have contributed to the stock's volatility on the specified trading day.
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