BMO Capital Markets Raises Autodesk (NASDAQ:ADSK) Price Target to $283.00

Autodesk (NASDAQ:ADSK) had its target price upped by stock analysts at BMO Capital Markets from $262.00 to $283.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 4.59% from the company’s previous close.

ADSK has been the subject of several other research reports. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Citigroup boosted their price target on Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Guggenheim set a $283.00 price objective on Autodesk in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Friday. Finally, Bank of America restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $322.65.

Autodesk Stock Performance

Autodesk stock opened at $270.58 on Friday. The stock’s 50 day moving average is $224.60 and its 200 day moving average is $232.09. The company has a market capitalization of $57.09 billion, a P/E ratio of 39.44, a PEG ratio of 1.56 and a beta of 1.29. Autodesk has a twelve month low of $185.50 and a twelve month high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities research analysts predict that Autodesk will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Autodesk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk during the second quarter valued at approximately $466,000. Baird Financial Group Inc. raised its holdings in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the period. Finally, NewEdge Advisors LLC grew its position in Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after acquiring an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, while adjusted EPS of $3.30 exceeded the $3.12 analyst consensus. The results also reflected continued subscription momentum, with management highlighting growth in connected data, project intelligence and AI-enabled tools. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook to adjusted EPS of $12.52-$12.60 and revenue of approximately $8.6-$8.7 billion, above consensus expectations cited in the reports. This suggests confidence in Autodesk’s recurring-revenue model and ongoing demand for its design and engineering software. Autodesk posts strong Q2 results and raises 2027 outlook
• Positive Sentiment: Bank of America reiterated a Buy rating and maintained a $300 price target, citing strong subscription momentum and the company’s growth prospects. Bank of America maintains Autodesk Buy rating
• Neutral Sentiment: Autodesk’s fiscal Q3 revenue forecast was broadly in line with expectations, while the full-year revenue outlook was stronger. However, the guidance profile was uneven, leaving investors focused on the timing of growth and earnings conversion. Why Autodesk stock is dropping after earnings beat
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04-$3.09 came in below some Wall Street expectations, prompting the initial selloff despite the quarterly beat. Investors also remain concerned that AI tools could disrupt Autodesk’s software market or increase competitive pressure. Autodesk forecasts quarterly profit below Wall Street estimates

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.