Autodesk (NASDAQ:ADSK) Price Target Raised to $283.00

Autodesk (NASDAQ:ADSKFree Report) had its target price increased by BMO Capital Markets from $262.00 to $283.00 in a research note released on Friday, Marketbeat.com reports. They currently have a market perform rating on the software company’s stock.

A number of other research firms have also recently weighed in on ADSK. Citigroup upped their price objective on shares of Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Friday. Bank of America reissued a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Morgan Stanley decreased their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Finally, Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.07.

View Our Latest Report on Autodesk

Autodesk Stock Performance

Shares of ADSK stock opened at $260.66 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Autodesk has a 12-month low of $185.50 and a 12-month high of $329.09. The business’s 50 day moving average is $225.93 and its two-hundred day moving average is $232.22. The company has a market capitalization of $55.00 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $2.62 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts expect that Autodesk will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Archer Investment Corp boosted its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Autodesk in the 4th quarter valued at $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

  • Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
  • Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
  • Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
  • Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
  • Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
  • Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

About Autodesk

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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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Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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