Autodesk - ADSK Stock Forecast, Price & News

22 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 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 Wall Street research 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 share price to reach $239.00 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Autodesk's stock was trading at $186.87 on January 1st, 2023. Since then, ADSK shares have increased by 12.8% and is now trading at $210.88.
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Autodesk saw a decline in short interest in January. As of January 15th, there was short interest totaling 2,290,000 shares, a decline of 6.9% from the December 31st total of 2,460,000 shares. Based on an average trading volume of 1,530,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.1% of the company's stock are short sold.
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) announced its quarterly earnings results on Tuesday, November, 22nd. The software company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by $0.04. The software company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. Autodesk had a trailing twelve-month return on equity of 108.29% and a net margin of 12.64%. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share.
Read the conference call transcript.

Autodesk announced that its board has initiated a stock buyback program on Tuesday, November 22nd 2022, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Autodesk updated its fourth quarter 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (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 retail and institutional investors. Top institutional shareholders 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.
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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 $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.