Autodesk - ADSK Stock Forecast, Price & News

22 Wall Street equities 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 equities research analysts is that investors should "buy" ADSK shares.
View ADSK analyst ratings or view top-rated stocks.

22 Wall Street analysts have issued 12 month target prices for Autodesk's stock. Their ADSK share price forecasts range from $177.00 to $325.00. On average, they expect the company's share price to reach $239.00 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for ADSK or view top-rated stocks among Wall Street analysts.

Autodesk's stock was trading at $186.87 at the beginning of the year. Since then, ADSK stock has increased by 12.8% and is now trading at $210.88.
View the best growth stocks for 2023 here.

Autodesk saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,290,000 shares, a drop 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 short-interest ratio is currently 1.5 days. Approximately 1.1% of the company's stock are sold short.
View Autodesk's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our ADSK earnings forecast.

Autodesk, Inc. (NASDAQ:ADSK) released 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 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%. Autodesk's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share.
Read the conference call transcript.

Autodesk declared that its Board of Directors has approved a share buyback program on Tuesday, November 22nd 2022, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 11.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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 EPS 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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.43%), Natixis Advisors L.P. (0.26%), Kovitz Investment Group Partners LLC (0.19%), Artemis Investment Management LLP (0.17%), New York State Teachers Retirement System (0.12%) and Alta Capital Management LLC (0.09%). 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.
View institutional ownership trends.

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.

One share of ADSK stock can currently be purchased for approximately $210.88.

Autodesk (NASDAQ:ADSK) has a market capitalization of $45.50 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.