BTIG Research Reaffirms Buy Rating for Autodesk (NASDAQ:ADSK)

Key Points

• BTIG Research reaffirmed its Buy rating on Autodesk with a $300 price target, implying 10.87% upside; analysts overall maintain a “Moderate Buy” consensus with an average target of $321.97.
• Autodesk exceeded quarterly expectations, reporting $2.05 billion in revenue and $3.30 adjusted EPS, while raising its fiscal 2027 adjusted EPS outlook to $12.52–$12.60.
• Near-term guidance was mixed: fiscal Q3 adjusted EPS guidance of $3.04–$3.09 fell below some Wall Street estimates, contributing to investor concerns despite the earnings beat and stronger full-year outlook.

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "buy" rating reissued by analysts at BTIG Research in a report released on Friday,Benzinga reports. They currently have a $300.00 target price on the software company's stock. BTIG Research's price target indicates a potential upside of 10.87% from the stock's current price.

A number of other equities research analysts also recently issued reports on the company. BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They set an "outperform" rating and a $295.00 price target for the company. Robert W. Baird raised their price objective on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. DA Davidson reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. The Goldman Sachs Group started coverage on shares of Autodesk in a research report on Tuesday, August 11th. They set a "neutral" rating and a $260.00 target price for the company. Finally, Citigroup raised their price target on shares of Autodesk from $252.00 to $269.00 and gave the company a "neutral" rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.97.

Autodesk Stock Performance

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

Autodesk (NASDAQ:ADSK - Get Free Report) last announced 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 analysts' expectations of $2.01 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts anticipate that Autodesk will post 9.7 EPS for the current year.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated 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 purchase, the director owned 4,000 shares of the company's stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ADSK. Quantinno Capital Management LP raised its holdings in Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock valued at $92,306,000 after acquiring an additional 58,285 shares in the last quarter. SG Americas Securities LLC grew its holdings in Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock worth $65,248,000 after acquiring an additional 167,064 shares in the last quarter. Man Group plc increased 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 worth $364,076,000 after purchasing an additional 273,765 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Autodesk in the 2nd quarter valued at about $322,851,000. Finally, Seilern Investment Management Ltd lifted its position in shares of Autodesk by 11.0% during the second 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 during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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

About Autodesk

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source