Autodesk - ADSK Stock Forecast, Price & News

21 Wall Street 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 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADSK shares.
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21 Wall Street analysts have issued 12 month price objectives for Autodesk's shares. Their ADSK share price forecasts range from $175.00 to $270.00. On average, they predict the company's share price to reach $232.40 in the next twelve months. This suggests a possible upside of 11.6% 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 stock has increased by 11.4% and is now trading at $208.16.
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Autodesk saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,380,000 shares, an increase of 8.7% from the February 28th total of 2,190,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
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Autodesk, Inc. (NASDAQ:ADSK) issued its earnings results on Thursday, February, 23rd. The software company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.05. The software company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.31 billion. Autodesk had a trailing twelve-month return on equity of 105.43% and a net margin of 16.44%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Autodesk (NASDAQ:ADSK) stock in their portfolio include Pacer BlueStar Engineering the Future ETF (BULD), Direxion Daily Cloud Computing Bull 2x (CLDL), UPHOLDINGS Compound Kings ETF (KNGS), ProShares S&P Kensho Smart Factories ETF (MAKX), iShares Future Metaverse Tech and Communications ETF (IVRS), 3D Printing ETF (PRNT), Roundhill Ball Metaverse ETF (METV) and JPMorgan Climate Change Solutions ETF (TEMP).

Autodesk announced that its board has approved a share buyback program on Tuesday, November 22nd 2022, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 11.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

Autodesk updated its first quarter 2024 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $1.50-$1.56 for the period, compared to the consensus earnings per share estimate of $1.64. The company issued revenue guidance of $1.26 billion-$1.27 billion, compared to the consensus revenue estimate of $1.27 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."

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 $208.16.

Autodesk (NASDAQ:ADSK) has a market capitalization of $44.71 billion and generates $5.01 billion in revenue each year. The software company earns $823 million in net income (profit) each year or $3.78 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.