BUZZ-Autodesk shares rise on upbeat Q4 forecast
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Autodesk shares rose 7.6% to $316.9 in premarket trading following an upbeat Q4 forecast, driven by subscription renewals and AI-driven design tool demand. The company expects Q4 revenue between $1.90 billion and $1.92 billion, surpassing Street estimates. J.P. Morgan highlights Autodesk's strong execution and AI focus as key to sustainable growth. Most brokerages rate the stock as a 'buy' with a median price target of $375.
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