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 brokerages 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 stock price to reach $239.00 in the next year. This suggests a possible upside of 6.9% 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 19.7% and is now trading at $223.65.
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Autodesk saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,290,000 shares, a decrease 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.
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Autodesk will be holding an earnings conference call on Thursday, February 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Autodesk, Inc. (NASDAQ:ADSK) released its quarterly earnings results on Tuesday, November, 22nd. The software company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by $0.04. The software company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Autodesk had a net margin of 12.64% and a trailing twelve-month return on equity of 108.29%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share.
Read the conference call transcript.

Autodesk announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 22nd 2022, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 11.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are 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 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 number of institutional and retail investors. Top institutional shareholders include Ninety One UK Ltd (2.01%), Sustainable Growth Advisers LP (1.34%), Cantillon Capital Management LLC (0.56%), Findlay Park Partners LLP (0.52%), Sumitomo Mitsui Trust Holdings Inc. (0.47%) and Baillie Gifford & Co. (0.43%). 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 $223.65.

Autodesk (NASDAQ:ADSK) has a market capitalization of $48.26 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.