Autodesk (NASDAQ:ADSK) Stock Price Target Lowered at Piper Sandler

Key Points

• Piper Sandler lowered Autodesk’s price target from $338 to $300 while maintaining an “overweight” rating, implying about 43% upside from the stock’s reported $209.40 price.
• Analyst sentiment remains broadly positive: Autodesk has a “Moderate Buy” consensus rating and an average price target of $316.84, based on one Strong Buy, 25 Buy, and six Hold ratings.
• Autodesk exceeded quarterly expectations, reporting $3.30 in adjusted EPS versus $3.12 expected and revenue of $2.05 billion, up 16.1% year over year; institutional investors own 90.24% of the company.

Autodesk (NASDAQ:ADSK - Get Free Report) had its price target reduced by equities research analysts at Piper Sandler from $338.00 to $300.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the software company's stock. Piper Sandler's price objective would indicate a potential upside of 43.27% from the stock's current price.

Several other equities analysts have also commented on the stock. Berenberg Bank set a $333.00 price target on shares of Autodesk in a research report on Tuesday, September 1st. KeyCorp reissued an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. Rothschild & Co Redburn decreased their target price on shares of Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $305.00 price target on shares of Autodesk in a research note on Thursday, September 17th. Finally, BTIG Research reaffirmed a "buy" rating and set a $300.00 price target on shares of Autodesk in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $316.84.

Autodesk Price Performance

Shares of Autodesk stock opened at $209.40 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The business's 50 day simple moving average is $233.67 and its 200-day simple moving average is $230.04. The stock has a market capitalization of $43.76 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.39 and a beta of 1.31. Autodesk has a twelve month low of $185.50 and a twelve month high of $326.20.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $2.62 EPS. The business'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. Equities research analysts forecast that Autodesk will post 9.71 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

Several large investors have recently bought and sold shares of ADSK. First Horizon Corp lifted its stake in Autodesk by 11.7% during the first quarter. First Horizon Corp now owns 514 shares of the software company's stock valued at $123,000 after buying an additional 54 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Autodesk by 5.9% during the fourth quarter. Ellevest Inc. now owns 1,001 shares of the software company's stock valued at $296,000 after acquiring an additional 56 shares during the period. Sepio Capital LP lifted its position in shares of Autodesk by 0.5% in the 4th quarter. Sepio Capital LP now owns 12,641 shares of the software company's stock valued at $3,742,000 after acquiring an additional 59 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Autodesk by 1.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,160 shares of the software company's stock valued at $935,000 after acquiring an additional 60 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in Autodesk by 9.6% in the 4th quarter. Manchester Capital Management LLC now owns 685 shares of the software company's stock worth $203,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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