DA Davidson Reaffirms Buy Rating for Autodesk (NASDAQ:ADSK)

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $325.00 target price on the software company’s stock. DA Davidson’s target price would suggest a potential upside of 41.32% from the stock’s current price.

A number of other brokerages have also commented on ADSK. Arete Research cut their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Robert W. Baird cut their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Wolfe Research upped their target price on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Rosenblatt Securities cut their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.75.

Autodesk Stock Performance

Shares of ADSK traded down $10.97 during mid-day trading on Friday, hitting $229.98. The company’s stock had a trading volume of 4,003,924 shares, compared to its average volume of 2,146,072. Autodesk has a one year low of $214.10 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $48.56 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The stock’s 50-day moving average is $238.86 and its two-hundred day moving average is $260.61.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ADSK. Torren Management LLC acquired a new position in Autodesk during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the fourth quarter worth $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk posted stronger-than-expected fiscal Q1 results, with revenue of $1.93 billion and EPS of $2.99 both topping estimates, while revenue rose 18% year over year. Autodesk Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook, signaling management confidence in continued growth and profitability after the strong quarter. Autodesk lifts annual forecasts, signs $3.6 billion deal to buy MaintainX
• Positive Sentiment: Autodesk announced upcoming presentations at investor conferences, which may help keep attention on the long-term story and management’s strategy. Autodesk to present at upcoming investor conferences
• Neutral Sentiment: Several analysts kept bullish or neutral stances while trimming price targets, reflecting confidence in Autodesk’s business but caution around valuation and the new deal. Wells Fargo adjusts price target on Autodesk
• Negative Sentiment: Shares are falling because investors are worried the MaintainX acquisition could be expensive to integrate and may pressure near-term returns, even though Autodesk’s core results were strong. Autodesk Is the S&P 500’s Worst Stock Today
• Negative Sentiment: The $3.6 billion all-cash deal is Autodesk’s largest acquisition ever, increasing uncertainty about financing, leverage, and whether the transaction will create value quickly enough for shareholders. Autodesk acquires MaintainX for $3.6 billion in cash deal

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.