RBC Capital lowered the firm's price target on Autodesk to $305 from $335 and keeps an Outperform rating on the shares. The company reported a strong beat and raise quarter, while the acquisition of MaintainX, its largest to date at $3.6B, raises investor questions on growth and margins, the analyst tells investors in a research note. The potential margin dilution is expected to be absorbed within the FY27 and FY29 operating margin targets while the company remains well positioned to define the next generation of industrial AI, the firm added.
