Autodesk (NASDAQ:ADSK) Upgraded at JPMorgan Chase & Co.

Autodesk (NASDAQ:ADSK) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a $319.00 price target on the software company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 26.15% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research note on Monday, October 6th. HSBC lowered their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and upped their target price for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Barclays increased their target price on shares of Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, UBS Group restated a “buy” rating and issued a $400.00 target price on shares of Autodesk in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $371.31.

Autodesk Stock Down 1.1%

Shares of NASDAQ ADSK opened at $252.87 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $53.61 billion, a P/E ratio of 49.01, a PEG ratio of 2.05 and a beta of 1.46. The firm has a 50-day simple moving average of $287.62 and a two-hundred day simple moving average of $298.92. Autodesk has a 1 year low of $232.67 and a 1 year high of $329.09.

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. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $2.17 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts anticipate that Autodesk will post 5.76 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

Several institutional investors have recently modified their holdings of the business. Torren Management LLC bought a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the 3rd quarter worth about $25,000. Archer Investment Corp raised its position in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the last quarter. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk in the third quarter worth about $27,000. Finally, Access Investment Management LLC purchased a new position in Autodesk during the second quarter worth approximately $28,000. 90.24% of the stock is owned by institutional investors.

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.