DA Davidson Reaffirms Buy Rating for Autodesk (NASDAQ:ADSK)

Key Points

• DA Davidson reiterated its Buy rating on Autodesk and maintained a $325 price target, implying about 41% upside from the current price.
• Autodesk shares fell 4.6% to $229.98 despite elevated trading volume, with the stock still trading well below its 52-week high of $329.09.
• The company beat fiscal Q1 expectations with $2.99 EPS and $1.93 billion in revenue, and it also raised its fiscal 2027 guidance, signaling continued growth confidence.

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "buy" rating restated by analysts at DA Davidson in a research note issued to investors on Friday,Benzinga reports. They presently have a $325.00 target price on the software company's stock. DA Davidson's target price would suggest a potential upside of 41.32% from the stock's current price.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their target price on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Rosenblatt Securities dropped their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Piper Sandler decreased their target price on Autodesk from $383.00 to $369.00 and set an "overweight" rating on the stock in a research report on Friday. Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a research report on Tuesday. Finally, KeyCorp decreased their target price on Autodesk from $365.00 to $341.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.75.

Autodesk Trading Down 4.6%

NASDAQ:ADSK traded down $10.97 on Friday, reaching $229.98. The company's stock had a trading volume of 4,003,924 shares, compared to its average volume of 2,146,072. Autodesk has a 1-year low of $214.10 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $48.56 billion, a PE ratio of 43.98, a PEG ratio of 1.53 and a beta of 1.32. The business's 50-day moving average price is $238.86 and its two-hundred day moving average price is $260.61.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The company 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 company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. 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 research analysts anticipate that Autodesk will post 9.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ADSK. Catalyst Financial Partners LLC increased its holdings in shares of Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company's stock valued at $325,000 after purchasing an additional 37 shares during the period. Piscataqua Savings Bank grew its stake in shares of Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company's stock valued at $47,000 after buying an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company's stock valued at $1,263,000 after buying an additional 41 shares in the last quarter. Keybank National Association OH grew its stake in shares of Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company's stock valued at $1,716,000 after buying an additional 42 shares in the last quarter. Finally, Trust Point Inc. grew its stake in shares of Autodesk by 3.3% in the 4th quarter. Trust Point Inc. now owns 1,322 shares of the software company's stock valued at $391,000 after buying an additional 42 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk posted stronger-than-expected fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99 both topping estimates, while revenue rose 18% year over year. Autodesk Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook, signaling management confidence in continued growth and profitability after the strong quarter. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Positive Sentiment: Autodesk announced upcoming presentations at investor conferences, which may help keep attention on the long-term story and management’s strategy. Autodesk to present at upcoming investor conferences
• Neutral Sentiment: Several analysts kept bullish or neutral stances while trimming price targets, reflecting confidence in Autodesk’s business but caution around valuation and the new deal. Wells Fargo adjusts price target on Autodesk
• Negative Sentiment: Shares are falling because investors are worried the MaintainX acquisition could be expensive to integrate and may pressure near-term returns, even though Autodesk’s core results were strong. Autodesk Is the S&P 500’s Worst Stock Today
• Negative Sentiment: The $3.6 billion all-cash deal is Autodesk’s largest acquisition ever, increasing uncertainty about financing, leverage, and whether the transaction will create value quickly enough for shareholders. Autodesk acquires MaintainX for $3.6 billion in cash deal

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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