TOP WIKIFOLIO TRADE
The buy recommendation for Autodesk Inc. (US0527691069) is based on the acquisition of Innovyze Inc. With the acquisition of Innovyze, Autodesk consolidates its position as the leading provider of end-to-end digital solutions of water infrastructure. Autodesk is also expected to accelerate their digi-tal twin strategy and create a clear path to a more sustainable and digitalized water industry. Addition-ally, Innovyze will enhance Autodesk´s growth potential by Innocvyze´s global presence and their water infrastructure value chain. Furthermore, Innovyze´s performance management enables more cost-effective water distribution infrastructure, more sustainably designed drainage systems and opti-mized capital and operational expenses. (Autodesk,Inc., 2021) Moreover, the technical analysis of Autodesk Inc supports a strong buy recommendation, as highlighted in the momentum indicators MACD, ROC, and the stochastic oscillator.