Autodesk - ADSK Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADSK shares.
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21 equities research analysts have issued twelve-month target prices for Autodesk's shares. Their ADSK share price forecasts range from $177.00 to $325.00. On average, they anticipate the company's stock price to reach $239.43 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
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Autodesk's stock was trading at $281.19 at the beginning of the year. Since then, ADSK stock has decreased by 30.1% and is now trading at $196.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Autodesk, Inc. (NASDAQ:ADSK) issued its 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 analyst estimates of $1.28 billion. Autodesk had a net margin of 12.64% and a trailing twelve-month return on equity of 108.29%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share.
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Autodesk announced that its Board of Directors has approved a share repurchase program on Tuesday, November 22nd 2022, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 11.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Autodesk updated its fourth quarter earnings guidance on Tuesday, November, 22nd. The company provided EPS guidance of $1.77-1.83 for the period, compared to the consensus EPS estimate of $1.83. The company issued revenue guidance of $1.303-1.318 billion, compared to the consensus revenue estimate of $1.33 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 Vanguard Group Inc. (8.42%), BlackRock Inc. (7.22%), State Street Corp (3.93%), Polen Capital Management LLC (3.90%), Brown Advisory Inc. (2.29%) and Alliancebernstein L.P. (1.55%). Insiders that own company stock include Andrew Anagnost, Carmel Galvin, 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 $196.63.

Autodesk (NASDAQ:ADSK) has a market capitalization of $42.43 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.