On August 7, Autodesk rose 3.2% in regular trading, trading at $250.645/share, with turnover of $58.774 million. The move was driven by a research note from Oppenheimer confirming that Autodesk's fiscal Q2 sales trends remain steady.

According to the report, Autodesk's restructuring and new transaction model have caused limited disruption to channel partners, and the company remains on track to meet or slightly exceed its full-year expectations. This positive assessment comes after Autodesk delivered a strong fiscal Q1, with revenue of $1.934 billion and adjusted EPS of $2.99, both beating consensus estimates. The company has also been advancing its growth strategy through a cloud collaboration agreement with AWS and lowering its Flex subscription entry threshold to $99 for 33 tokens.

Multiple analysts maintain bullish ratings on the stock, with an average buy rating and a mean price target of $314.28 according to FactSet. Autodesk is scheduled to report fiscal Q2 results on August 27.

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