Autodesk, Inc. (NASDAQ:ADSK) Receives $369.04 Average Price Target from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $367.6071.

A number of analysts have recently commented on the company. Arete Research lifted their price target on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 target price on shares of Autodesk in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. UBS Group reaffirmed a “buy” rating and set a $400.00 price target on shares of Autodesk in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised shares of Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price objective on the stock in a research note on Monday, February 2nd.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $231.22 on Tuesday. The firm has a 50 day simple moving average of $274.94 and a 200 day simple moving average of $294.68. The company has a market cap of $49.02 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.62 and a beta of 1.45. Autodesk has a one year low of $216.01 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $2.17 earnings per share. The company’s revenue for the quarter 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 predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Autodesk in the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Autodesk during the third quarter worth approximately $268,649,000. Geode Capital Management LLC increased its holdings in Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after purchasing an additional 734,449 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Autodesk by 326.9% in the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock valued at $291,624,000 after buying an additional 702,974 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

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.