Wells Fargo & Company Lowers Autodesk (NASDAQ:ADSK) Price Target to $330.00

Key Points

• Wells Fargo lowered its price target on Autodesk to $330 from $350 while keeping an overweight rating, implying about 46.75% upside from the prior close.
• Autodesk’s latest quarterly results beat expectations, with EPS of $2.99 and revenue of $1.93 billion, both above estimates, while revenue rose 18.4% year over year.
• The company also raised guidance for fiscal 2027 and Q2, though the stock was trading lower and analysts remain mixed to bullish, with an average Moderate Buy rating and average target near $327.75.

Autodesk (NASDAQ:ADSK - Get Free Report) had its price objective decreased by Wells Fargo & Company from $350.00 to $330.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has an "overweight" rating on the software company's stock. Wells Fargo & Company's price target points to a potential upside of 46.75% from the company's previous close.

Several other research analysts also recently weighed in on ADSK. Stifel Nicolaus cut their price target on Autodesk from $375.00 to $285.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Loop Capital dropped their price objective on shares of Autodesk from $250.00 to $235.00 and set a "hold" rating on the stock in a report on Friday. Argus upgraded shares of Autodesk to a "strong-buy" rating in a research report on Friday, March 6th. Morgan Stanley reduced their target price on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Wolfe Research upped their price target on shares of Autodesk from $330.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and an average target price of $327.75.

Autodesk Stock Performance

Shares of ADSK stock traded down $16.08 during trading hours on Friday, hitting $224.88. 1,413,250 shares of the company were exchanged, compared to its average volume of 2,118,657. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $47.48 billion, a price-to-earnings ratio of 42.91, a P/E/G ratio of 1.53 and a beta of 1.32. The firm has a fifty day simple moving average of $238.86 and a 200 day simple moving average of $260.61. Autodesk has a 52-week low of $214.10 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. Autodesk's revenue for the quarter 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. Research analysts predict 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 the company. Glenmede Trust Co. NA grew its position in shares of Autodesk by 2.9% during the 1st quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company's stock valued at $28,880,000 after purchasing an additional 3,361 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Autodesk during the first quarter worth about $1,798,000. Wellington Grp LLC increased its stake in Autodesk by 873.7% in the 1st quarter. Wellington Grp LLC now owns 185 shares of the software company's stock worth $44,000 after acquiring an additional 166 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Autodesk in the 1st quarter valued at about $53,000. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of Autodesk during the 1st quarter valued at about $1,034,000. 90.24% of the stock is owned by institutional investors.

Autodesk News Summary

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

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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