Autodesk (ADSK) Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADSK shares.
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19 Wall Street research analysts have issued 12-month price targets for Autodesk's shares. Their ADSK share price forecasts range from $175.00 to $265.00. On average, they anticipate the company's share price to reach $236.28 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
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Autodesk's stock was trading at $186.87 at the beginning of the year. Since then, ADSK stock has increased by 9.2% and is now trading at $204.04.
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Autodesk saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,360,000 shares, a decrease of 8.5% from the August 15th total of 2,580,000 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Autodesk, Inc. (NASDAQ:ADSK) announced its quarterly earnings data on Wednesday, August, 23rd. The software company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. The software company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Autodesk had a trailing twelve-month return on equity of 90.61% and a net margin of 16.77%. The company's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS.
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ETFs with the largest weight of Autodesk (NASDAQ:ADSK) stock in their portfolio include Pacer BlueStar Engineering the Future ETF (BULD), ProShares S&P Kensho Smart Factories ETF (MAKX), VanEck Robotics ETF (IBOT), iShares Future Metaverse Tech and Communications ETF (IVRS), Upholdings Compound Kings ETF (KNGS), Direxion Daily Cloud Computing Bull 2x (CLDL), Hennessy Stance ESG Large Cap ETF (STNC) and 3D Printing ETF (PRNT).

Autodesk declared that its board has initiated a share repurchase plan on Tuesday, November 22nd 2022, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Autodesk issued an update on its third quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of $1.97-$2.03 for the period, compared to the consensus EPS estimate of $1.92. The company issued revenue guidance of $1.38 billion-$1.40 billion, compared to the consensus revenue estimate of $1.38 billion.

587 employees have rated Autodesk Chief Executive Officer Andrew Anagnost on Glassdoor.com. Andrew Anagnost has an approval rating of 95% among the company's employees. This puts Andrew Anagnost in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Autodesk investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Advanced Micro Devices (AMD), Micron Technology (MU), Salesforce (CRM), Netflix (NFLX), QUALCOMM (QCOM), PayPal (PYPL) and Tesla (TSLA).

Autodesk trades on the NASDAQ under the ticker symbol "ADSK."

Autodesk's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.46%), State Street Corp (4.10%), Aristotle Capital Management LLC (2.25%), Geode Capital Management LLC (2.11%), Brown Advisory Inc. (2.10%) and Ninety One UK Ltd (2.04%). Insiders that own company stock include Andrew Anagnost, Ayanna Howard, Betsy Rafael, Deborah Clifford, Fronzo Pascal W Di, Mary T Mcdowell, Rebecca Pearce, Stephen W Hope, Stephen W Hope and Steven M Blum.
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Shares of ADSK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADSK stock can currently be purchased for approximately $204.04.

Autodesk (NASDAQ:ADSK) has a market capitalization of $43.62 billion and generates $5.01 billion in revenue each year. The software company earns $823 million in net income (profit) each year or $4.04 on an earnings per share basis.

The company employs 13,700 workers across the globe.

Autodesk's mailing address is 111 MCINNIS PKWY, SAN RAFAEL CA, 94903. The official website for the company is www.autodesk.com. The software company can be reached via phone at (415) 507-5000, via email at john.clancy@autodesk.com, or via fax at 415-507-5100.