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Animate your portfolio with Autodesk's potential
Autodesk is a market-leading provider of computer-aided design and software and a "high quality" company that should be on investors' radars. So says Equity Analyst Andrew Lange from Morningstar Research who believes the company will consolidate a market leading status over the long term given its commitment to evolving market trends. Recent investments in mobile and social suites and cloud-based solutions exemplify this, he says.
Furthermore, the company is switching to a subscription-based pricing model. This will provide greater recurring revenue, long-term value, and more financial predictability, according to his research. Currently Morningstar have a $51 fair value estimate on the company. Even though Autodesk is a high-quality name Andrew recommends that investors seek a wider margin of safety before investing.
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