Autodesk - ADSK Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 2 sell ratings, 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADSK shares.
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22 analysts have issued 12 month target prices for Autodesk's shares. Their ADSK share price forecasts range from $177.00 to $325.00. On average, they predict the company's stock price to reach $239.00 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
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Autodesk's stock was trading at $186.87 at the start of the year. Since then, ADSK shares have increased by 18.4% and is now trading at $221.32.
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Autodesk saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,290,000 shares, a decrease of 6.9% from the December 31st total of 2,460,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Autodesk will be holding an earnings conference call on Thursday, February 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Autodesk, Inc. (NASDAQ:ADSK) posted its quarterly earnings results on Tuesday, November, 22nd. The software company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.07 by $0.04. The software company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Autodesk had a trailing twelve-month return on equity of 108.29% and a net margin of 12.64%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS.
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Autodesk announced that its board has approved a share 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 repurchase up to 11.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Autodesk updated its fourth quarter 2023 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of $1.77-$1.83 for the period, compared to the consensus estimate of $1.70. The company issued revenue guidance of $1.30 billion-$1.32 billion, compared to the consensus revenue estimate of $1.28 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 many different institutional and retail investors. Top institutional shareholders include Ninety One UK Ltd (2.01%), Sustainable Growth Advisers LP (1.34%), Cantillon Capital Management LLC (0.56%), Findlay Park Partners LLP (0.52%), Sumitomo Mitsui Trust Holdings Inc. (0.47%) and Baillie Gifford & Co. (0.43%). 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, Richard Scott Herren, Stephen W Hope, Stephen W Hope, Steven M Blum 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 $221.32.

Autodesk (NASDAQ:ADSK) has a market capitalization of $47.75 billion and generates $4.39 billion in revenue each year. The software company earns $497 million in net income (profit) each year or $2.83 on an earnings per share basis.

The company employs 12,600 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.