BNP Paribas Exane Issues Positive Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price hoisted by BNP Paribas Exane from $295.00 to $300.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the software company's stock. BNP Paribas Exane's price target suggests a potential upside of 16.38% from the company's previous close.

Several other research firms have also recently weighed in on ADSK. Guggenheim upped their price objective on shares of Autodesk from $277.00 to $283.00 and gave the stock a "buy" rating in a research report on Friday. BTIG Research reissued a "buy" rating and issued a $300.00 target price on shares of Autodesk in a report on Friday. Jefferies Financial Group upgraded Autodesk to a "strong-buy" rating in a research note on Tuesday, May 26th. Loop Capital cut their price objective on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research note on Friday, May 29th. Finally, Morgan Stanley decreased their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $322.81.

Autodesk Stock Down 4.7%

Shares of NASDAQ ADSK traded down $12.81 during midday trading on Friday, hitting $257.77. 1,997,019 shares of the stock traded hands, compared to its average volume of 2,311,076. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk has a one year low of $185.50 and a one year high of $329.09. The business has a 50 day moving average price of $224.60 and a two-hundred day moving average price of $232.09. The company has a market cap of $54.39 billion, a PE ratio of 37.58, a P/E/G ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $2.62 EPS. Autodesk'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. On average, equities analysts predict that Autodesk will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was acquired 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 in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company's stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently modified their holdings of ADSK. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the 4th quarter worth $25,000. Torren Management LLC purchased a new position in shares of Autodesk during the fourth quarter valued at $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Autodesk in the fourth quarter worth about $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 2027 revenue of $2.05 billion, up 16% year over year and above the $2.01 billion consensus estimate. Adjusted earnings of $3.30 per share also topped expectations of $3.12, helped by operating leverage and margin expansion. Autodesk Q2 Earnings Beat on Operating Leverage, Revenues Rise Y/Y
• Positive Sentiment: Management raised fiscal 2027 billings expectations to approximately $8.575 billion-$8.65 billion, citing subscription momentum, construction-sector strength, emerging-market growth, improved sales productivity and contributions from MaintainX. AI initiatives are also being positioned as a growth opportunity. Autodesk raises FY 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 price target, while Bank of America maintained Buy and a $300 target. BMO raised its target to $283, although it kept a Market Perform rating; Piper Sandler maintained Overweight with a reduced $338 target.
• Neutral Sentiment: Autodesk plans to present at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences on September 9, potentially giving management an opportunity to provide additional detail on AI, MaintainX and the outlook. Autodesk to present at upcoming investor conferences
• Negative Sentiment: The main pressure came from guidance: Autodesk’s forecast for third-quarter adjusted profit was viewed as below Wall Street expectations, and the midpoint of its narrowed full-year fiscal 2027 adjusted EPS outlook also trailed estimates. Investors are therefore discounting the earnings beat and stronger revenue outlook.
• Negative Sentiment: Market commentary also highlighted investor concerns that generative AI could disrupt traditional design-software workflows, even as Autodesk argues its connected-data and AI products will enhance customer productivity. 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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