Autodesk (ADSK) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADSK shares.
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19 brokerages have issued 12-month price targets for Autodesk's stock. 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 year. This suggests a possible upside of 13.7% 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 shares have increased by 11.2% and is now trading at $207.89.
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Autodesk saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,630,000 shares, an increase of 11.4% from the August 31st total of 2,360,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.2% of the company's shares are short sold.
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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) issued its earnings results on Wednesday, August, 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The software company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Autodesk had a trailing twelve-month return on equity of 90.61% and a net margin of 16.77%. Autodesk's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share.
Read the conference call transcript.

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), Stance Equity ESG Large Cap Core ETF (STNC) and 3D Printing ETF (PRNT).

Autodesk declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 22nd 2022, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership 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 guidance of $1.97-$2.03 for the period, compared to the consensus earnings per share 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."

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 $207.89.

Autodesk (NASDAQ:ADSK) has a market capitalization of $44.44 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.