Autodesk, Inc. (NASDAQ:ADSK) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Wall Street holds a “Moderate Buy” consensus on Autodesk, with 25 buy ratings, six holds and one strong-buy rating among 32 analysts. The average 12-month price target is $316.84, although recent targets range from $215 to $355.
• Autodesk exceeded quarterly expectations, reporting $3.30 EPS versus the $3.12 estimate and $2.05 billion in revenue, up 16.1% year over year. Net margin was 21.08%, while management provided fiscal 2027 EPS guidance of $12.52–$12.60.
• Institutional investors remain heavily involved, owning 90.24% of Autodesk’s shares; BlackRock added a new position worth roughly $4.83 billion, while State Street and Pictet also increased their stakes.

Shares of Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $316.84.

ADSK has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Autodesk in a research report on Monday, September 28th. They set an "overweight" rating and a $300.00 price target on the stock. Citigroup raised their price target on Autodesk from $269.00 to $276.00 and gave the company a "neutral" rating in a report on Monday, August 31st. Argus reiterated a "buy" rating and issued a $355.00 price objective on shares of Autodesk in a research report on Wednesday, September 2nd. BMO Capital Markets boosted their price objective on Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. Finally, Cantor Fitzgerald initiated coverage on Autodesk in a research note on Monday, September 14th. They issued a "neutral" rating and a $215.00 price objective on the stock.

Autodesk Price Performance

Shares of Autodesk stock opened at $239.90 on Friday. The stock has a market capitalization of $50.14 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.59 and a beta of 1.33. The firm's 50-day moving average price is $232.69 and its two-hundred day moving average price is $227.97. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk has a 1-year low of $185.50 and a 1-year high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) 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 company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company posted $2.62 earnings per share. Autodesk's quarterly revenue 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. On average, equities analysts predict that Autodesk will post 9.70 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Autodesk during the 2nd quarter valued at about $4,828,855,000. State Street Corp boosted its stake in shares of Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company's stock valued at $1,996,338,000 after purchasing an additional 284,621 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after buying an additional 155,255 shares during the period. Bank of America Corp DE acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $576,727,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Autodesk by 30.6% during the 2nd quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company's stock worth $534,014,000 after buying an additional 643,267 shares during the period. 90.24% of the stock is owned by institutional investors.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company's products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.

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