Autodesk (NASDAQ:ADSK – Get Free Report) had its target price lowered by analysts at Piper Sandler from $383.00 to $369.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the software company’s stock. Piper Sandler’s price objective would indicate a potential upside of 53.14% from the company’s previous close.
A number of other analysts have also commented on the company. Oppenheimer dropped their price target on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities lowered their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $329.39.
Read Our Latest Stock Report on ADSK
Autodesk Stock Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, analysts anticipate that Autodesk will post 9.35 EPS for the current year.
Institutional Trading of Autodesk
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk during the 4th quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors.
Autodesk News Roundup
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk delivered strong fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99, both ahead of Wall Street estimates, while revenue rose 18.4% year over year. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: The company raised its outlook, guiding Q2 FY2027 EPS to $3.10-$3.14 and full-year FY2027 EPS to $12.40-$12.65, both above consensus, which supports the case for continued growth. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
- Positive Sentiment: William Blair reiterated a Buy rating, and several recent analyst updates remain constructive, suggesting confidence in Autodesk’s long-term growth story. Autodesk Maintains Buy Rating as Strong Q1, Raised Guidance and MaintainX Deal Expand Long-Term Growth Prospects
- Neutral Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a strategic move into operations software that could expand its platform but also raises integration and capital-allocation questions. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
- Negative Sentiment: The stock sold off in pre-market trading as investors appeared cautious about the acquisition price and execution risk, even after the earnings beat and raised guidance. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results
About Autodesk
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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