KeyCorp Has Lowered Expectations for Autodesk (NASDAQ:ADSK) Stock Price

Key Points

• KeyCorp cut its price target on Autodesk from $365 to $341, while keeping an “overweight” rating. The new target still implies about 40% upside from the stock’s previous close.
• Other analysts have also trimmed targets, but overall sentiment remains constructive: Autodesk carries a consensus “Moderate Buy” rating and an average price target of $332.21.
• Autodesk recently beat earnings expectations, posting $2.85 EPS on $1.96 billion in revenue, and investors continue to watch for growth tied to AI features and engineering-optimization demand.

Autodesk (NASDAQ:ADSK - Get Free Report) had its price objective dropped by analysts at KeyCorp from $365.00 to $341.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the software company's stock. KeyCorp's price objective would suggest a potential upside of 39.97% from the stock's previous close.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Autodesk from $365.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Loop Capital decreased their price target on shares of Autodesk from $320.00 to $250.00 and set a "hold" rating on the stock in a research report on Thursday, February 19th. Jefferies Financial Group started coverage on shares of Autodesk in a research report on Wednesday, April 15th. They issued a "buy" rating and a $300.00 price target on the stock. DA Davidson decreased their price target on shares of Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $332.21.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $243.63 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm's 50-day moving average price is $240.28 and its two-hundred day moving average price is $263.15. Autodesk has a 52-week low of $214.10 and a 52-week high of $329.09. The stock has a market capitalization of $51.44 billion, a P/E ratio of 46.49, a P/E/G ratio of 1.57 and a beta of 1.32.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk's revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, sell-side analysts forecast that Autodesk will post 9.35 earnings per share for the current year.

Institutional Investors Weigh In On Autodesk

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company's stock valued at $6,362,192,000 after purchasing an additional 78,928 shares during the last quarter. State Street Corp lifted its stake in shares of Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company's stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC lifted its position in Autodesk by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company's stock worth $1,677,404,000 after acquiring an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in 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 acquiring an additional 155,255 shares during the last quarter. Finally, Norges Bank acquired a new position in Autodesk during the 4th quarter worth $867,480,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk is being viewed as a beneficiary of growing demand for engineering optimization, with one analysis arguing the company is well positioned to monetize that need through its software platform. Autodesk: Primed To Monetize The Elastic Demand For Engineering Optimization
• Positive Sentiment: Analyst coverage remains constructive, with Autodesk receiving an average “Moderate Buy” recommendation and other reports pointing to upbeat Wall Street expectations despite recent underperformance. Autodesk, Inc. NASDAQ: ADSK Receives Average Recommendation of "Moderate Buy" from Brokerages
• Positive Sentiment: Recent articles highlighted Autodesk’s AI enhancements, including agentic AI, automation tools, and cloud workflows, which could improve platform stickiness and support recurring revenue growth. Autodesk Enhances AI Capabilities: Can It Unlock More Revenues?
• Positive Sentiment: Another bullish theme is Autodesk’s new small-business initiative, which adds flexible pricing and AI-focused product updates aimed at expanding adoption among freelancers and smaller firms. Assessing Autodesk (ADSK) Valuation After New AI Small‑Business Program And Renewed Growth Optimism
• Positive Sentiment: Investor interest may also be supported by comparisons showing Autodesk’s lower valuation and AI-driven cloud growth profile versus peers like ServiceNow. Autodesk vs. ServiceNow: Which Software Stock Has Stronger Growth?
• Neutral Sentiment: Several articles simply reiterated Autodesk’s analyst-estimate and ratings profile, which reinforces sentiment but does not appear to add a major new catalyst. Autodesk Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Mentions from market commentary and investor-oriented pieces, including references to Michael Burry’s position, may add visibility but are not by themselves fundamental drivers. Autodesk Inc. (ADSK): Michael Burry Likes This Stock
• Negative Sentiment: Some coverage still notes that Autodesk has underperformed the broader market over the past 52 weeks, which may temper enthusiasm even amid improving growth narratives. Autodesk Stock: Analyst Estimates & Ratings

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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