Why Shares of Autodesk Soared in June

Why Shares of Autodesk Soared in June

Shares of Autodesk (NASDAQ: ADSK) increased 13.7% in June, according to data from S&P Global Market Intelligence. The move comes after a slew of upgrades from Wall Street analysts after the company's investor day in early June. For obvious reasons, the COVID-19 pandemic has created uncertainty around the end market demand environment for Autodesk.