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Autodesk’s (ADSK) move to the cloud earned it an upgrade to outperform, or buy, from market perform by Pacific Crest Securities analyst Brendan Barnicle on Monday. Barnicle says the company’s move to the cloud will help it crack a total addressable market including $15.7 billion in the manufacturing sector. The company expects to convert a portion of its users to the cloud over the next four years, in a conversion similar to one that is also well

Autodesk (ADSK) forecast current-quarter and fiscal 2015 revenue above analyst consensus estimates, sending shares up to an all-time high on views its transition to new a software licensing model and cloud-based products has gained traction. Though some analyst are cautious on the outlook for new subscriber additions, Autodesk shares were up 2.5% in early trading in the stock market today, near 56.75. Autodesk stock is up 55% in the past 52 weeks.