Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Autodesk (NASDAQ:ADSK) had its price target upped by stock analysts at BMO Capital Markets from $333.00 to $343.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price target points to a potential upside of 16.50% from the company’s previous close.

Other research analysts also recently issued reports about the company. Robert W. Baird raised their price objective on Autodesk from $363.00 to $367.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Rosenblatt Securities restated a “buy” rating and set a $355.00 price target on shares of Autodesk in a research note on Monday. Wells Fargo & Company restated an “overweight” rating and issued a $380.00 price objective on shares of Autodesk in a report on Wednesday. Stifel Nicolaus raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Bank of America upped their price target on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $360.46.

Autodesk Trading Up 1.6%

Shares of ADSK opened at $294.43 on Wednesday. Autodesk has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a 50-day moving average of $307.38 and a 200 day moving average of $302.86. The firm has a market capitalization of $62.71 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts expect that Autodesk will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Autodesk

A number of large investors have recently made changes to their positions in the stock. SouthState Corp lifted its position in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the third quarter valued at approximately $25,000. Costello Asset Management INC acquired a new position in Autodesk in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in Autodesk during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Autodesk during the 1st quarter valued at approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.