Autodesk, Inc. (NASDAQ:ADSK) Stock Has Average Target Price of $317.62 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: 26 of 32 covering brokerages rate Autodesk a buy, while six recommend holding; the average 12-month price target is $317.62.
• Recent broker updates include Jefferies reaffirming a buy rating with a $325 target, while Piper Sandler and BNP Paribas Exane set targets of $300.
• Autodesk beat quarterly estimates, reporting $3.30 in earnings per share versus $3.12 expected and revenue of $2.05 billion, up 16.1% year over year.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-two ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $317.62.

ADSK has been the subject of several recent research reports. Piper Sandler assumed coverage on Autodesk in a research report on Monday, September 28th. They set an "overweight" rating and a $300.00 price target for the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $325.00 price target on shares of Autodesk in a research report on Monday. New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. KeyCorp reiterated an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, BNP Paribas Exane increased their price objective on Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 28th.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in shares of Autodesk in the 1st quarter valued at about $28,000. Johnson Financial Group Inc. bought a new stake in shares of Autodesk in the 2nd quarter valued at about $30,000. Next Level Wealth Planning LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $35,000. Avalon Trust Co lifted its stake in Autodesk by 97.8% in the 1st quarter. Avalon Trust Co now owns 180 shares of the software company's stock valued at $43,000 after purchasing an additional 89 shares during the last quarter. Finally, Wellington Grp LLC lifted its stake in Autodesk by 873.7% in the 1st quarter. Wellington Grp LLC now owns 185 shares of the software company's stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

NASDAQ ADSK opened at $260.01 on Thursday. Autodesk has a 12-month low of $185.50 and a 12-month high of $320.00. The firm's 50 day moving average is $233.31 and its 200-day moving average is $234.06. The company has a market capitalization of $54.34 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

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, beating analysts' consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. 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 9.70 earnings per share for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company's products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.

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