Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised Autodesk’s price target from $262 to $283 while maintaining a “Market Perform” rating, implying approximately 4.6% upside. Analysts overall give the stock a “Moderate Buy” consensus with an average target of $322.65.
• Autodesk exceeded fiscal Q2 expectations with $2.05 billion in revenue and $3.30 adjusted EPS, up 16% year over year. Management raised its fiscal 2027 outlook to adjusted EPS of $12.52–$12.60 and revenue of approximately $8.6–$8.7 billion.
• Despite the quarterly beat and stronger full-year outlook, fiscal Q3 adjusted EPS guidance of $3.04–$3.09 fell below some Wall Street expectations, contributing to investor concerns about near-term growth and competitive pressure from AI tools.

Autodesk (NASDAQ:ADSK - Get Free Report) had its price objective lifted by stock analysts at BMO Capital Markets from $262.00 to $283.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "market perform" rating on the software company's stock. BMO Capital Markets' price target indicates a potential upside of 4.59% from the company's current price.

Several other research analysts have also weighed in on the company. New Street Research set a $277.00 price objective on Autodesk in a research report on Thursday, August 20th. BNP Paribas Exane initiated coverage on shares of Autodesk in a report on Thursday, June 18th. They issued an "outperform" rating and a $295.00 target price on the stock. Zacks Research downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Rothschild & Co Redburn cut their target price on Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, June 1st. Finally, The Goldman Sachs Group initiated coverage on Autodesk in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $260.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $322.65.

Autodesk Stock Up 6.2%

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

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.62 earnings per share. 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, equities research analysts anticipate that Autodesk will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company's stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company's stock, valued at $10,079,786.31. This represents 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 owned by company insiders.

Institutional Trading of Autodesk

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock valued at $765,000 after acquiring an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Autodesk in the 2nd quarter worth approximately $466,000. Baird Financial Group Inc. raised its position in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after purchasing an additional 701 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock valued at $4,291,000 after acquiring an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk News Roundup

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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