Autodesk (NASDAQ:ADSK) Earns Buy Rating from BTIG Research

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating restated by BTIG Research in a report issued on Friday,Benzinga reports. They presently have a $300.00 price target on the software company’s stock. BTIG Research’s price target indicates a potential upside of 24.51% from the stock’s current price.

A number of other brokerages have also issued reports on ADSK. Royal Bank Of Canada reissued an “outperform” rating and issued a $305.00 price objective on shares of Autodesk in a report on Friday. Arete Research cut their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus cut their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Morgan Stanley cut their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $329.39.

Autodesk Stock Up 1.7%

Shares of Autodesk stock opened at $240.95 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s 50 day simple moving average is $238.86 and its 200-day simple moving average is $260.61. The stock has a market capitalization of $50.88 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.53 and a beta of 1.32. Autodesk has a twelve month low of $214.10 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities research analysts forecast that Autodesk will post 9.35 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk in the 4th quarter worth $25,000. Torren Management LLC acquired a new position in shares of Autodesk in the 4th quarter worth $25,000. Archer Investment Corp grew its holdings in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Autodesk in the 4th quarter worth $27,000. 90.24% of the stock is owned by institutional investors.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered strong fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99, both ahead of Wall Street estimates, while revenue rose 18.4% year over year. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its outlook, guiding Q2 FY2027 EPS to $3.10-$3.14 and full-year FY2027 EPS to $12.40-$12.65, both above consensus, which supports the case for continued growth. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: William Blair reiterated a Buy rating, and several recent analyst updates remain constructive, suggesting confidence in Autodesk’s long-term growth story. Autodesk Maintains Buy Rating as Strong Q1, Raised Guidance and MaintainX Deal Expand Long-Term Growth Prospects
• Neutral Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a strategic move into operations software that could expand its platform but also raises integration and capital-allocation questions. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Negative Sentiment: The stock sold off in pre-market trading as investors appeared cautious about the acquisition price and execution risk, even after the earnings beat and raised guidance. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.