Autodesk (NASDAQ:ADSK) Earns Buy Rating from Bank of America

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating reaffirmed by equities researchers at Bank of America in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $300.00 price objective on the software company’s stock. Bank of America‘s target price suggests a potential upside of 27.08% from the stock’s previous close.

ADSK has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Jefferies Financial Group started coverage on Autodesk in a research note on Wednesday, April 15th. They set a “buy” rating and a $300.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wolfe Research lifted their price target on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Loop Capital dropped their price target on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.61.

Autodesk Stock Performance

Shares of Autodesk stock opened at $236.07 on Tuesday. The company has a market capitalization of $49.85 billion, a PE ratio of 45.05, a PEG ratio of 1.62 and a beta of 1.32. Autodesk has a 12 month low of $214.10 and a 12 month high of $329.09. 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 stock’s fifty day simple moving average is $242.73 and its 200 day simple moving average is $266.57.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, research analysts predict that Autodesk will post 9.35 EPS for the current year.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after acquiring an additional 78,928 shares during the period. State Street Corp raised its position in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC raised its position in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after purchasing an additional 123,691 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

About Autodesk

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.