Autodesk Stock Forecast, Price & News

Autodesk's stock was trading at $154.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ADSK stock has increased by 49.6% and is now trading at $231.01.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 3 sell ratings, 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Autodesk is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
View our earnings forecast for Autodesk.

Autodesk, Inc. (NASDAQ:ADSK) released its earnings results on Tuesday, August, 25th. The software company reported $0.98 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.08. The software company had revenue of $913.10 million for the quarter, compared to the consensus estimate of $901.76 million. Autodesk had a negative return on equity of 457.10% and a net margin of 10.26%. Autodesk's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share.
View Autodesk's earnings history.

Autodesk updated its third quarter earnings guidance on Tuesday, August, 25th. The company provided EPS guidance of $0.91-0.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95. The company issued revenue guidance of $930-945 million, compared to the consensus revenue estimate of $939.78 million.

22 equities research analysts have issued 12-month price targets for Autodesk's shares. Their forecasts range from $155.00 to $300.00. On average, they expect Autodesk's share price to reach $241.81 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for Autodesk.

Autodesk saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,640,000 shares, a drop of 17.5% from the August 15th total of 3,200,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the shares of the company are short sold.
View Autodesk's Short Interest.

Some companies that are related to Autodesk include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Synopsys (SNPS), Splunk (SPLK), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO), Pegasystems (PEGA) and Nuance Communications (NUAN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Autodesk investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), salesforce.com (CRM), Netflix (NFLX), Paypal (PYPL), QUALCOMM (QCOM) and Tesla (TSLA).

Autodesk trades on the NASDAQ under the ticker symbol "ADSK."

Shares of ADSK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADSK stock can currently be purchased for approximately $231.01.

Autodesk has a market capitalization of $50.66 billion and generates $3.27 billion in revenue each year. The software company earns $214.50 million in net income (profit) each year or $1.50 on an earnings per share basis. Autodesk employs 10,100 workers across the globe.

The official website for Autodesk is www.autodesk.com.

Autodesk's mailing address is 111 MCINNIS PKWY, SAN RAFAEL CA, 94903. The software company can be reached via phone at 415-507-5000 or via email at [email protected]