Autodesk (ADSK) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ADSK shares.
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20 brokers have issued twelve-month target prices for Autodesk's shares. Their ADSK share price forecasts range from $175.00 to $270.00. On average, they anticipate the company's stock price to reach $231.84 in the next twelve months. This suggests a possible upside of 14.0% 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 8.8% and is now trading at $203.30.
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Autodesk saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,840,000 shares, an increase of 21.4% from the April 30th total of 2,340,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
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Autodesk, Inc. (NASDAQ:ADSK) announced its quarterly earnings results on Thursday, May, 25th. The software company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.55 by $0.00. The software company earned $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Autodesk had a net margin of 16.42% and a trailing twelve-month return on equity of 100.54%. Autodesk's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share.
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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), UPHOLDINGS Compound Kings ETF (KNGS), iShares Future Metaverse Tech and Communications ETF (IVRS), Direxion Daily Cloud Computing Bull 2x (CLDL), 3D Printing ETF (PRNT), Roundhill Ball Metaverse ETF (METV) and JPMorgan Climate Change Solutions ETF (TEMP).

Autodesk declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 22nd 2022, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Autodesk issued an update on its FY 2024 earnings guidance on Wednesday, May, 31st. The company provided EPS guidance of $7.07-$7.41 for the period, compared to the consensus estimate of $7.23. The company issued revenue guidance of $5.36 billion-$5.46 billion, compared to the consensus revenue estimate of $5.41 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 BlackRock Inc. (7.96%), State Street Corp (4.02%), FMR LLC (2.62%), Aristotle Capital Management LLC (2.29%), Brown Advisory Inc. (2.20%) and Ninety One UK Ltd (2.05%). 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, 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 $203.30.

Autodesk (NASDAQ:ADSK) has a market capitalization of $43.66 billion and generates $5.01 billion in revenue each year. The software company earns $823 million in net income (profit) each year or $3.86 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.