Autodesk, Inc. (NASDAQ:ADSK) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts rate Autodesk a “Moderate Buy,” with 25 buy, one strong-buy and six hold recommendations among 32 analysts. The average 12-month price target is approximately $318, well above the reported $219.62 share price.
• Recent analyst targets range from $283 to $355, with firms including RBC, BTIG Research and Argus maintaining positive ratings, while BMO Capital Markets kept a market-perform rating and Piper Sandler lowered its target to $338.
• Autodesk exceeded quarterly expectations, reporting $3.30 in earnings per share versus a $3.12 estimate and $2.05 billion in revenue versus $2.01 billion expected. Revenue increased 16.1% year over year, and institutional investors own 90.24% of the company’s stock.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has received an average rating of "Moderate Buy" from the thirty-two analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $318.0312.

Several research analysts recently commented on the company. BMO Capital Markets raised their target price on Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a research report on Friday, August 28th. Royal Bank Of Canada reissued an "outperform" rating and issued a $305.00 price target on shares of Autodesk in a report on Thursday, September 17th. BTIG Research restated a "buy" rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, September 18th. Argus reiterated a "buy" rating and set a $355.00 target price on shares of Autodesk in a research report on Wednesday, September 2nd. Finally, Piper Sandler lowered their target price on shares of Autodesk from $369.00 to $338.00 and set an "overweight" rating on the stock in a research note on Friday, August 28th.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in Autodesk during the 1st quarter valued at $28,000. Abound Financial LLC acquired a new position in shares of Autodesk during the fourth quarter valued at about $40,000. Johnson Financial Group Inc. bought a new stake in shares of Autodesk during the second quarter worth about $30,000. MCF Advisors LLC increased its position in shares of Autodesk by 151.5% during the fourth quarter. MCF Advisors LLC now owns 166 shares of the software company's stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Finally, Avalon Trust Co raised its holdings in shares of Autodesk by 97.8% in the 1st quarter. Avalon Trust Co now owns 180 shares of the software company's stock worth $43,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $219.62 on Wednesday. The firm's 50-day moving average is $233.80 and its 200-day moving average is $231.08. The company has a market cap of $45.90 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk has a 52-week low of $185.50 and a 52-week high of $326.35.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $2.62 earnings per share. 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 anticipate that Autodesk will post 9.71 earnings per share for the current year.

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.

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.