Autodesk (NASDAQ:ADSK) Earns Buy Rating from BTIG Research

Key Points

• BTIG Research reaffirmed its buy rating on Autodesk and set a $300 price target, implying about 24.5% upside from the prior close.
• Autodesk’s latest earnings beat expectations, with EPS of $2.99 and revenue of $1.93 billion, while revenue rose 18.4% year over year.
• The company also raised guidance for Q2 FY2027 and full-year FY2027, but its stock faced some investor caution amid the announced $3.6 billion MaintainX acquisition and related execution concerns.

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at BTIG Research in a note issued to investors on Friday,Benzinga reports. They currently have a $300.00 price target on the software company's stock. BTIG Research's price target would suggest a potential upside of 24.51% from the company's previous close.

ADSK has been the topic of several other reports. DA Davidson cut their target price on Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Arete Research cut their target price on Autodesk from $460.00 to $456.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. JPMorgan Chase & Co. increased their target price on Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Wolfe Research increased their target price on Autodesk from $330.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Finally, Rosenblatt Securities cut their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $329.39.

Autodesk Stock Performance

NASDAQ ADSK opened at $240.95 on Friday. The business's 50-day moving average price is $238.86 and its 200 day moving average price is $260.61. Autodesk has a twelve month low of $214.10 and a twelve month high of $329.09. The company has a market capitalization of $50.88 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business's quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, research analysts predict that Autodesk will post 9.35 earnings per share for the current year.

Institutional Inflows and Outflows

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

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered strong fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99, both ahead of Wall Street estimates, while revenue rose 18.4% year over year. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its outlook, guiding Q2 FY2027 EPS to $3.10-$3.14 and full-year FY2027 EPS to $12.40-$12.65, both above consensus, which supports the case for continued growth. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: William Blair reiterated a Buy rating, and several recent analyst updates remain constructive, suggesting confidence in Autodesk’s long-term growth story. Autodesk Maintains Buy Rating as Strong Q1, Raised Guidance and MaintainX Deal Expand Long-Term Growth Prospects
• Neutral Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a strategic move into operations software that could expand its platform but also raises integration and capital-allocation questions. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Negative Sentiment: The stock sold off in pre-market trading as investors appeared cautious about the acquisition price and execution risk, even after the earnings beat and raised guidance. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

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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