Loop Capital Cuts Autodesk (NASDAQ:ADSK) Price Target to $235.00

Key Points

• Loop Capital cut its price target on Autodesk from $250 to $235 while keeping a Hold rating, implying only modest upside from the previous close.
• Autodesk shares fell 6.7% to $224.88, even as the stock remains above its 52-week low but well below its 52-week high.
• The company’s latest earnings beat expectations, with EPS of $2.99 and revenue of $1.93 billion, and Autodesk also raised its fiscal 2027 and Q2 guidance.

Autodesk (NASDAQ:ADSK - Get Free Report) had its price objective lowered by equities research analysts at Loop Capital from $250.00 to $235.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has a "hold" rating on the software company's stock. Loop Capital's target price would indicate a potential upside of 4.50% from the company's previous close.

ADSK has been the subject of a number of other research reports. Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a research report on Tuesday. DA Davidson cut their price objective on Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Arete Research reduced their target price on Autodesk from $460.00 to $456.00 and set a "buy" rating for the company in a report on Thursday, March 26th. UBS Group decreased their target price on Autodesk from $400.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Finally, Barclays lowered their price target on Autodesk from $315.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $327.75.

Autodesk Stock Down 6.7%

Shares of Autodesk stock traded down $16.08 during midday trading on Friday, reaching $224.88. 1,413,250 shares of the company's stock traded hands, compared to its average volume of 2,118,657. The company has a market cap of $47.48 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The company's 50 day simple moving average is $238.86 and its 200 day simple moving average is $260.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk has a 52 week low of $214.10 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 EPS. 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 analysts expect that Autodesk will post 9.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk in the 4th quarter valued at approximately $25,000. Archer Investment Corp lifted its position in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk in the 4th quarter worth approximately $27,000. Institutional investors own 90.24% of the company's stock.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered better-than-expected Q1 results, with revenue of $1.93 billion and adjusted EPS of $2.99 both topping estimates, while revenue rose 18.4% year over year. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: The company raised guidance for fiscal 2027 and Q2, signaling management confidence in continued growth and profitability. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: BTIG reaffirmed its Buy rating and set a $300 price target, while Piper Sandler maintained Overweight, despite trimming its target to $369, reinforcing Wall Street’s bullish long-term view. Benzinga rating update
• Positive Sentiment: Autodesk announced it will present at upcoming investor conferences, which can help keep investors focused on the company’s strategy and outlook. Autodesk to present at upcoming investor conferences
• Neutral Sentiment: Autodesk’s planned $3.6 billion acquisition of MaintainX could expand its operations platform and AI ambitions over time, but it also adds integration and execution risk that may be keeping some investors cautious. Autodesk to acquire MaintainX, advancing unified platform in operations
• Negative Sentiment: Some traders appear to be focusing on the acquisition headline rather than the earnings beat, with reports noting the stock slipped in premarket trading despite strong fundamentals. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

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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