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ADSK — Autodesk News Story

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Autodesk shares rise on upbeat Q4 forecast

Updates to market open

** Shares of design software company Autodesk ADSK.O rise 7.3% to $315.6

** Co forecast Q4 revenue and profit above Street estimates, boosted by subscription renewals and demand for AI-driven design tools

** J.P. Morgan says co's strong execution, integrated platform strategy, and emphasis on AI give it a solid foundation for long-term, sustainable growth

     ** Co expects Q4 revenue between $1.90 billion and $1.92 billion; Q3 revenue of $1.85 billion beat analyst estimates

** 25 of 31 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $375 - data compiled by LSEG

** Including session move, stock up 6.6% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((Kanishka.Ajmera@thomsonreuters.com))

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