Analysts Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $341.96

Autodesk, Inc. (NASDAQ:ADSK) has received a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $341.9643.

Several analysts have issued reports on the company. DA Davidson dropped their target price on Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Robert W. Baird boosted their price target on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. BMO Capital Markets dropped their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Finally, 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Torren Management LLC purchased a new position in Autodesk in the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk in the 4th quarter worth $25,000. Archer Investment Corp grew its stake in 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 buying an additional 46 shares during the last quarter. Finally, Proffitt & Goodson Inc. purchased a new position in Autodesk during the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.1%

NASDAQ:ADSK opened at $260.75 on Friday. The firm has a 50-day simple moving average of $256.00 and a 200-day simple moving average of $288.67. Autodesk has a one year low of $215.01 and a one year high of $329.09. The firm has a market cap of $55.02 billion, a P/E ratio of 49.76, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities analysts anticipate that Autodesk will post 5.76 EPS for the current fiscal year.

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.