Should I buy or sell Autodesk stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADSK shares. View ADSK analyst ratings or view top-rated stocks .

What is Autodesk's stock price target for 2024?

21 Wall Street research analysts have issued 1 year price objectives for Autodesk's stock. Their ADSK share price targets range from $175.00 to $265.00. On average, they predict the company's share price to reach $234.21 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View analysts price targets for ADSK or view top-rated stocks among Wall Street analysts .

How have ADSK shares performed in 2023?

Autodesk's stock was trading at $186.87 at the beginning of 2023. Since then, ADSK shares have increased by 20.4% and is now trading at $224.93. View the best growth stocks for 2023 here .

Are investors shorting Autodesk?

Autodesk saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,430,000 shares, an increase of 12.5% from the October 31st total of 2,160,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.1% of the shares of the stock are sold short. View Autodesk's Short Interest .

When is Autodesk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our ADSK earnings forecast .

How were Autodesk's earnings last quarter?

Autodesk, Inc. (NASDAQ:ADSK) posted its quarterly earnings data on Tuesday, November, 21st. The software company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.08. The software company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.39 billion. Autodesk had a trailing twelve-month return on equity of 84.81% and a net margin of 17.15%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Read the conference call transcript .

What ETFs hold Autodesk's stock?

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) , Roundhill S&P Dividend Monarchs ETF (KNGS) , Direxion Daily Cloud Computing Bull 2x (CLDL) , Hennessy Stance ESG Large Cap ETF (STNC) and 3D Printing ETF (PRNT) .

How will Autodesk's stock buyback program work?

Autodesk announced that its board has authorized a stock repurchase plan on Tuesday, November 22nd 2022, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What guidance has Autodesk issued on next quarter's earnings?

Autodesk issued an update on its FY 2024 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of $7.43-$7.49 for the period, compared to the consensus estimate of $7.46. The company issued revenue guidance of $5.08 billion-$5.17 billion, compared to the consensus revenue estimate of $5.43 billion.

What is Andrew Anagnost's approval rating as Autodesk's CEO?

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.

What other stocks do shareholders of Autodesk own?

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) .

Who are Autodesk's major shareholders?

Autodesk's stock is owned by a variety of retail and institutional investors. Top institutional investors include Loomis Sayles & Co. L P (2.93%), Polen Capital Management LLC (2.50%), FMR LLC (2.50%), Aristotle Capital Management LLC (2.20%), Ninety One UK Ltd (1.93%) and Clearbridge Investments LLC (1.41%). Insiders that own company stock include Andrew Anagnost , Ayanna Howard, Betsy Rafael , Deborah Clifford , Fronzo Pascal W Di , Lorrie M Norrington, Mary T Mcdowell, Rebecca Pearce , Stephen W Hope, Stephen W Hope and Steven M Blum . View institutional ownership trends .

How do I buy shares of Autodesk?

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. Compare Top Brokerages Here .

Does Autodesk have any subsidiaries?

The following companies are subsidiares of Autodesk: 3D Geo, ADSK Ireland Limited, ALGOR, AUTODESK d.o.o., Alias Systems, Allpoint Systems, Assemble Systems, Assemble Systems LLC, Autodesk (China) Software Research and Development Co. Ltd., Autodesk (EMEA) Sárl, Autodesk AB, Autodesk Americas LLC, Autodesk ApS, Autodesk Asia Pte. Ltd., Autodesk Australia Holding Pty. Ltd., Autodesk Australia Pty. Ltd., Autodesk B.V., Autodesk Canada Co., Autodesk Colombia S.A.S., Autodesk Development B.V., Autodesk Development S.á.r.l., Autodesk Direct Limited, Autodesk Far East Limited, Autodesk Finance Holdings Limited (Ireland), Autodesk France S.A.S., Autodesk Ges.mbH, Autodesk Global Inc., Autodesk GmbH, Autodesk Holdings LLP, Autodesk Hungary Kft., Autodesk Inc Jordan PSC, Autodesk India Private Limited, Autodesk International Holding Co., Autodesk Ireland Operations Unlimited Company, Autodesk Israel Ltd., Autodesk Korea Limited, Autodesk Limited, Autodesk Limited, Autodesk Ltd. Japan, Autodesk Netherlands Holdings B.V., Autodesk Norway AS, Autodesk S.A., Autodesk S.R.L., Autodesk S.r.l., Autodesk SA, Autodesk Software (China) Co. Ltd., Autodesk Sp. Z o.o., Autodesk Taiwan Limited, Autodesk UK Holdings Limited, Autodesk Yazilim Hizmetleri Ticaret Limited Sirketi (Autodesk Limited Sirketi), Autodesk de Argentina S.A., Autodesk de Costa Rica S.R.L., Autodesk de Mexico S.A. de C.V., Autodesk de Venezuela S.A., Autodesk do Brasil Ltda, Autodesk spol. s.r.o., BIMWorld Assets, Bitsquid AB, Blue Ridge Numerics, BuildingConnected, BuildingConnected Inc., Buzzsaw.com, COLOURlovers, CadSoft Computer GmbH, CadSoft Computer GmbH., Caice Software Corp, Carmel Software Corp., Compass Systems, Constructware, Creative Market, Crispin Systems Limited, Cumulate Labs, Delcam, Delcam Australia Pty Limited, Delcam Consulting and Technology Services Limited, Delcam Indonesia, Delcam Limited, Delcam Professional Services Limited, Delcam Software (India) Private Limited, Discreet Logic, Eagle Software, Ecotect, Elektro-CAE Software GmbH, Evolver, Firehole Composites, GRAITEC Group - Steel Products, GRIP Entertainment, Gentry Systems, Graitec GmbH, HSMWorks Technology, Hankook Delcam Limited, Horizontal Systems, Ilesfay Technology Group, Illuminate Labs, Inforbix, Innovyze, Innovyze LLC, Innovyze Ltd., Innovyze Pty. Ltd., Innovyze.AI Co., Instructables, Ithaca Software, Kynogon, Lagoa, Limited Liability Company Autodesk (CIS), Linius Technologies Ltd, MechSoft, Meshmixer, Micro Application Packages Ltd, Micro Engineering Solutions, Modio, Moldflow, Moxion, Moxion Inc., Moxion Limited, NavisWorks, Netfabb, Numenus, Pixlr, PlanGrid, PlanGrid Australia Pty Ltd., PlanGrid Canada ULC, PlanGrid Hong Kong Limited, PlanGrid Inc, PlanPlatform, PlassoTech, ProEst Estimating Software, ProEst Inc., Prodsmart, Pype, Pype LLC, Pype Technologies Private Limited, Qontext, Realviz SA, Revit Technology Corporation, Robobat, Robobat, Scaleform, SeeControl, Shotgun Software, Shotgun Software LLC, Sim Ops Studios, Skymatter, Socialcam, SoftImage, Softdesk, Solid Angle S. L., Solid Angle S.L.U., SpaceMaker, Spacemaker AEC Software Oy, Spacemaker AS Norway, Spacemaker France SAS, Spacemaker Sweden AB, Spacemaker US LLC, Storm Australia Holdco Pty. Ltd., Storm UK Holdco Ltd., Synthicity, Tinderbox Media Limited, Tinkercad, Topolabs, TradeTapp Inc., Upchain, Upchain USA LLC, Vela Systems, Wild Pockets, Within Technologies, Within Technologies Limited, XP Software Pty. Ltd., XP Solutions Software Limited, netfabb GmbH, and netfabb Inc.. Read More

Autodesk Stock Price, News & Analysis (NASDAQ:ADSK)

$224.93

+6.50 (+2.98%)

(As of 12/1/2023 ET)

Compare

Today's Range: $217.00
▼
$225.26
50-Day Range: $195.15
▼
$224.93
52-Week Range: $179.61
▼
$232.15

Volume: 1.98 million shs
Average Volume: 1.40 million shs
Market Capitalization: $48.08 billion

P/E Ratio: 52.92
Dividend Yield: N/A
Price Target: $234.21

Autodesk MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.62 Rating Score
Upside/Downside: 4.1% Upside
$234.21 Price Target
Short Interest: Healthy
1.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.45
Upright™ Environmental Score
News Sentiment: 0.88
Based on 21 Articles This Week
Insider Trading: Selling Shares
$655,465 Sold Last Quarter
Proj. Earnings Growth: 15.38%
From $4.68 to $5.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Computer And Technology Sector

129th out of 597 stocks

Prepackaged Software Industry

33rd out of 206 stocks

2.3

Analyst's Opinion

Consensus Rating
Autodesk has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 13 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $234.21, Autodesk has a forecasted upside of 4.1% from its current price of $224.93.
Amount of Analyst Coverage
Autodesk has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.14% of the float of Autodesk has been sold short.
Short Interest Ratio / Days to Cover
Autodesk has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Autodesk has recently increased by 12.50%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Autodesk does not currently pay a dividend.
Dividend Growth
Autodesk does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Autodesk has received a 25.82% net impact score from Upright. Autodesk seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Computer-aided design software for industrial uses", "Construction planning software", and "Process analytics software" products. See details.
Environmental Sustainability
The Environmental Impact score for Autodesk is -1.45.

3.3

News and Social Media Coverage

News Sentiment
Autodesk has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Autodesk this week, compared to 9 articles on an average week.
Search Interest
28 people have searched for ADSK on MarketBeat in the last 30 days. This is an increase of 211% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Autodesk to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Autodesk insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $655,465.00 in company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Autodesk is held by insiders.
Percentage Held by Institutions
87.92% of the stock of Autodesk is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Autodesk are expected to grow by 15.38% in the coming year, from $4.68 to $5.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Autodesk is 52.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Autodesk is 52.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 213.59.
Price to Earnings Growth Ratio
Autodesk has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Autodesk has a P/B Ratio of 32.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Autodesk Stock (NASDAQ:ADSK)

Autodesk, Inc. provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry. It sells its products and services to customers directly, as well as through a network of resellers and distributors. Autodesk, Inc. was incorporated in 1982 and is headquartered in San Francisco, California.

ADSK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ADSK Stock News Headlines

November 28, 2023 | marketbeat.com

Why Autodesk's downgrade is actually a buying opportunity (ADSK)

Heavy dip buying in a short trading session after the Thanksgiving holiday increases the prospect of a buying opportunity in Autodesk stock

December 1, 2023 | finance.yahoo.com

Autodesk Stock Flashes Improved Relative Strength Rating, Needs More

December 2, 2023 | DTI Trader (Ad)

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December 1, 2023 | finance.yahoo.com

Why The 21% Return On Capital At Autodesk (NASDAQ:ADSK) Should Have Your Attention

November 30, 2023 | benzinga.com

Unpacking the Latest Options Trading Trends in Autodesk

November 28, 2023 | seekingalpha.com

Autodesk, Inc. (ADSK) UBS Global Technology Conference (Transcript)

November 28, 2023 | finance.yahoo.com

Autodesk appoints Joe Speicher as its first chief sustainability officer

November 27, 2023 | investing.com

Pro Research: Wall Street sees potential in Autodesk's strategy shift

December 2, 2023 | Wealthpress (Ad)

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November 27, 2023 | seekingalpha.com

Autodesk: From A Huge Premium To A Big Premium

November 27, 2023 | finance.yahoo.com

At US$203, Is Autodesk, Inc. (NASDAQ:ADSK) Worth Looking At Closely?

November 24, 2023 | americanbankingnews.com

Autodesk (NASDAQ:ADSK) Price Target Cut to $235.00

November 23, 2023 | benzinga.com

Autodesk Stock (NASDAQ:ADSK) Insider Trades

November 23, 2023 | markets.businessinsider.com

Autodesk Stock (NASDAQ:ADSK): Follow the Facts, Not the Fear

November 23, 2023 | finance.yahoo.com

Is There An Opportunity With Autodesk, Inc.'s (NASDAQ:ADSK) 26% Undervaluation?