BMO Capital Markets Issues Pessimistic Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Key Points

• BMO Capital Markets cut its price target on Autodesk from $279 to $262 and kept a market perform rating, implying only modest upside from the prior close.
• Despite the cautious analyst view, Autodesk reported strong fiscal Q1 results with EPS of $2.99 and revenue of $1.93 billion, both above expectations, while revenue rose 18.4% year over year.
• The company also raised guidance for FY2027, projecting full-year EPS of $12.40 to $12.65, even as multiple analysts adjusted price targets lower and the stock remained below its 200-day average.

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price cut by analysts at BMO Capital Markets from $279.00 to $262.00 in a research note issued on Friday. The brokerage presently has a "market perform" rating on the software company's stock. BMO Capital Markets' price objective suggests a potential upside of 8.74% from the stock's previous close.

A number of other brokerages have also weighed in on ADSK. Morgan Stanley dropped their price objective on Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Tuesday. UBS Group lowered their price target on shares of Autodesk from $400.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Barclays decreased their price objective on Autodesk from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 13th. Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $328.79.

Autodesk Trading Up 1.7%

NASDAQ:ADSK opened at $240.95 on Friday. The firm has a market cap of $50.88 billion, a P/E ratio of 45.98, a PEG 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. The stock's 50 day simple moving average is $238.86 and its 200-day simple moving average is $260.61. Autodesk has a 12-month low of $214.10 and a 12-month high of $329.09.

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

Hedge Funds Weigh In On Autodesk

Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

More Autodesk News

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

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.

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