Autodesk (NASDAQ:ADSK) Price Target Lowered to $338.00 at Piper Sandler

Key Points

• Piper Sandler lowered Autodesk’s price target to $338 from $369 while maintaining an “overweight” rating, implying nearly 25% upside from the prior close. Analysts overall remain positive, with a “Moderate Buy” consensus and average target of $321.97.
• Autodesk reported fiscal Q2 revenue of $2.05 billion and adjusted EPS of $3.30, beating estimates of $2.01 billion and $3.12, respectively; revenue increased 16.1% year over year.
• Despite the quarterly beat and raised full-year outlook, fiscal Q3 adjusted EPS guidance of $3.04–$3.09 fell below some expectations, creating investor concerns about the pace of growth and earnings conversion.

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price reduced by investment analysts at Piper Sandler from $369.00 to $338.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the software company's stock. Piper Sandler's price objective indicates a potential upside of 24.92% from the company's previous close.

A number of other equities analysts have also recently issued reports on the stock. BNP Paribas Exane started coverage on shares of Autodesk in a research note on Thursday, June 18th. They issued an "outperform" rating and a $295.00 price objective for the company. Wells Fargo & Company cut their price target on shares of Autodesk from $350.00 to $330.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. New Street Research set a $277.00 price objective on Autodesk in a research note on Thursday, August 20th. Loop Capital cut their target price on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research report on Friday, May 29th. Finally, BTIG Research reiterated a "buy" rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $321.97.

Autodesk Trading Up 6.2%

Shares of ADSK opened at $270.58 on Friday. The stock's 50-day moving average price is $224.60 and its 200 day moving average price is $232.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $57.09 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 1.56 and a beta of 1.29. Autodesk has a 12-month low of $185.50 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, research analysts predict that Autodesk will post 9.7 earnings per share for the current year.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The shares were bought 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 approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Autodesk

Institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP boosted its stake in Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after acquiring an additional 58,285 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock valued at $65,248,000 after purchasing an additional 167,064 shares in the last quarter. Man Group plc grew its position in shares of Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company's stock valued at $364,076,000 after purchasing an additional 273,765 shares during the period. Deutsche Bank AG acquired a new position in shares of Autodesk in the 2nd quarter valued at approximately $322,851,000. Finally, Seilern Investment Management Ltd increased its stake in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock worth $44,265,000 after purchasing an additional 22,547 shares in the last quarter. 90.24% of the stock is owned by 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, while adjusted EPS of $3.30 exceeded the $3.12 analyst consensus. The results also reflected continued subscription momentum, with management highlighting growth in connected data, project intelligence and AI-enabled tools. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook to adjusted EPS of $12.52-$12.60 and revenue of approximately $8.6-$8.7 billion, above consensus expectations cited in the reports. This suggests confidence in Autodesk’s recurring-revenue model and ongoing demand for its design and engineering software. Autodesk posts strong Q2 results and raises 2027 outlook
• Positive Sentiment: Bank of America reiterated a Buy rating and maintained a $300 price target, citing strong subscription momentum and the company’s growth prospects. Bank of America maintains Autodesk Buy rating
• Neutral Sentiment: Autodesk’s fiscal Q3 revenue forecast was broadly in line with expectations, while the full-year revenue outlook was stronger. However, the guidance profile was uneven, leaving investors focused on the timing of growth and earnings conversion. Why Autodesk stock is dropping after earnings beat
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04-$3.09 came in below some Wall Street expectations, prompting the initial selloff despite the quarterly beat. Investors also remain concerned that AI tools could disrupt Autodesk’s software market or increase competitive pressure. Autodesk forecasts quarterly profit below Wall Street estimates

Autodesk Company Profile

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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