Autodesk (NASDAQ:ADSK) Price Target Raised to $276.00 at Citigroup

Key Points

• Citigroup raised Autodesk’s price target to $276 from $269 while maintaining a neutral rating, implying 6.44% upside from the previous close.
• Analyst sentiment remains broadly positive, with Autodesk holding a “Moderate Buy” consensus rating and an average price target of $321.30.
• Autodesk exceeded quarterly expectations, reporting $3.30 in EPS and $2.05 billion in revenue, with revenue up 16.1% year over year. Insiders also purchased shares, while institutional investors and hedge funds own 90.24% of the stock.

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price boosted by Citigroup from $269.00 to $276.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the software company's stock. Citigroup's price target suggests a potential upside of 6.44% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada decreased their price objective on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. DA Davidson set a $325.00 target price on Autodesk in a report on Friday. Weiss Ratings lowered Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 10th. Guggenheim boosted their price target on Autodesk from $277.00 to $283.00 and gave the stock a "buy" rating in a report on Friday. Finally, Bank of America restated a "buy" rating and set a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $321.30.

Autodesk Price Performance

NASDAQ ADSK traded down $1.36 during midday trading on Monday, hitting $259.30. The company had a trading volume of 290,664 shares, compared to its average volume of 2,307,625. The firm has a 50-day moving average price of $225.93 and a 200-day moving average price of $232.22. The company has a market capitalization of $54.71 billion, a PE ratio of 33.57, a P/E/G ratio of 1.60 and a beta of 1.29. 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 twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the business earned $2.62 earnings per share. Autodesk's 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. As a group, analysts anticipate that Autodesk will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Autodesk

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Formuepleje A S raised its stake in shares of Autodesk by 160.3% during the second quarter. Formuepleje A S now owns 12,293 shares of the software company's stock valued at $2,390,000 after acquiring an additional 7,571 shares during the last quarter. HighTower Advisors LLC increased its holdings in Autodesk by 2.4% in the second quarter. HighTower Advisors LLC now owns 59,142 shares of the software company's stock valued at $11,498,000 after purchasing an additional 1,383 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Autodesk in the second quarter valued at $11,468,000. California State Teachers Retirement System raised its position in Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company's stock worth $11,392,395,000 after purchasing an additional 58,287,201 shares during the last quarter. Finally, Saudi Central Bank lifted its holdings in Autodesk by 88.8% during the 2nd quarter. Saudi Central Bank now owns 14,770 shares of the software company's stock worth $2,872,000 after buying an additional 6,945 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside from Autodesk’s recent trading level. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating for Autodesk, reinforcing the constructive Wall Street view of the company’s growth prospects. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its Autodesk price target to $300, while BMO Capital Markets projected strong potential appreciation. These targets indicate analysts see additional value despite the stock’s recent gains. BNP Paribas Exane Boosts Autodesk Price Target
• Positive Sentiment: Autodesk’s earnings call highlighted continued growth momentum. The company recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year and management providing fiscal 2027 guidance. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, creating a partial counterweight to the otherwise favorable analyst commentary. The change may reflect valuation or near-term execution concerns. Piper Sandler Lowers Expectations for Autodesk
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe. The legal uncertainty could increase costs, damage investor confidence, and weigh on ADSK until the matters are resolved. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities

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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