Based on the provided data and current market conditions, here's a concise analysis for ADSK:
Technical Analysis
The stock is currently trading at $296.88, showing a positive momentum with a +1.87% gain in the regular market session and a slight +0.10% increase in after-hours trading. The RSI-14 reading of 52.55 indicates neutral momentum, neither overbought nor oversold.
Fibonacci Analysis
Current price is hovering near the R1 resistance level of $296.90. If broken, next resistance lies at $301.36 (R2). Support levels are established at $282.50 (S1) and $278.05 (S2).
Analyst Sentiment
Recent analyst coverage is predominantly bullish. Notable updates include:
- Stifel raised PT to $360 (20.97% upside)
- Macquarie initiated coverage with $380 PT (27.69% upside)
- UBS initiated with $350 PT citing "breadth of strong growth levers"
{RATING:symbol=ADSK,type=0}
Buy/Sell Recommendation
Based on technical indicators and strong analyst consensus, ADSK appears positioned for further upside. The stock is trading above its 20-day SMA of $293.73, suggesting positive short-term momentum. With multiple price targets above $350 and positive business fundamentals, entering a long position at current levels could be favorable.