Piper Sandler Issues Pessimistic Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Key Points

• Piper Sandler cut its price target on Autodesk from $383 to $369 while keeping an overweight rating, implying about 53% upside from the prior close.
• Analyst sentiment remains generally positive overall, with a Moderate Buy consensus and a MarketBeat average target price of $329.39, though some firms have recently lowered targets or turned more cautious.
• Autodesk reported a strong quarter, beating estimates on both EPS and revenue, and raised its FY2027 guidance; however, its stock has faced pressure amid concerns over the company’s $3.6 billion MaintainX acquisition and execution risk.

Autodesk (NASDAQ:ADSK - Get Free Report) had its target price cut by stock analysts at Piper Sandler from $383.00 to $369.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the software company's stock. Piper Sandler's price target points to a potential upside of 53.14% from the company's previous close.

A number of other equities analysts have also recently commented on ADSK. Royal Bank Of Canada reissued an "outperform" rating and set a $305.00 price target on shares of Autodesk in a report on Friday. Zacks Research cut Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Robert W. Baird lowered their price target on Autodesk from $355.00 to $312.00 and set an "outperform" rating for the company in a report on Friday, April 17th. DA Davidson lowered their price target on Autodesk from $375.00 to $325.00 and set a "buy" rating for the company in a report on Friday, February 27th. Finally, Arete Research lowered 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. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $329.39.

Autodesk Price Performance

Autodesk stock opened at $240.95 on Friday. 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. The stock has a market capitalization of $50.88 billion, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The stock has a fifty day moving average of $238.86 and a 200-day moving average of $260.61.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. Autodesk's revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, sell-side analysts expect that Autodesk will post 9.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Hedge funds have recently modified their holdings of the business. OFI Invest Asset Management grew its position in Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company's stock worth $15,585,000 after purchasing an additional 37,449 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company's stock worth $41,510,000 after purchasing an additional 20,543 shares in the last quarter. Freemont Management S.A. bought a new stake in Autodesk in the 3rd quarter worth about $4,765,000. Renaissance Group LLC bought a new stake in Autodesk in the 3rd quarter worth about $33,789,000. Finally, Machina Capital S.A.S. grew its position in Autodesk by 80.8% in the 3rd quarter. Machina Capital S.A.S. now owns 12,839 shares of the software company's stock worth $4,079,000 after purchasing an additional 5,739 shares in the last quarter. Institutional investors and hedge funds 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 strong fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99, both ahead of Wall Street estimates, while revenue rose 18.4% year over year. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its outlook, guiding Q2 FY2027 EPS to $3.10-$3.14 and full-year FY2027 EPS to $12.40-$12.65, both above consensus, which supports the case for continued growth. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: William Blair reiterated a Buy rating, and several recent analyst updates remain constructive, suggesting confidence in Autodesk’s long-term growth story. Autodesk Maintains Buy Rating as Strong Q1, Raised Guidance and MaintainX Deal Expand Long-Term Growth Prospects
• Neutral Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a strategic move into operations software that could expand its platform but also raises integration and capital-allocation questions. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Negative Sentiment: The stock sold off in pre-market trading as investors appeared cautious about the acquisition price and execution risk, even after the earnings beat and raised guidance. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

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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