Autodesk (NASDAQ:ADSK) Price Target Lowered to $365.00 at Wells Fargo & Company

Autodesk (NASDAQ:ADSK) had its price objective decreased by investment analysts at Wells Fargo & Company from $380.00 to $365.00 in a report released on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the software company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 61.99% from the company’s current price.

A number of other brokerages also recently issued reports on ADSK. BTIG Research started coverage on shares of Autodesk in a research report on Tuesday, December 16th. They set a “buy” rating and a $365.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Macquarie Infrastructure lifted their target price on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and raised their price target for the company from $345.00 to $375.00 in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price target on the stock in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $367.07.

Autodesk Trading Down 2.6%

NASDAQ ADSK opened at $225.32 on Wednesday. The company has a market capitalization of $47.77 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 1.62 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk has a twelve month low of $216.01 and a twelve month high of $329.09. The stock’s 50-day simple moving average is $272.03 and its two-hundred day simple moving average is $293.57.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $2.17 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. 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 forecast that Autodesk will post 5.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Autodesk

A number of hedge funds have recently made changes to their positions in the company. Capitolis Liquid Global Markets LLC purchased a new position in shares of Autodesk during the fourth quarter valued at approximately $5,529,000. Cinctive Capital Management LP bought a new position in Autodesk in the fourth quarter worth approximately $9,060,000. City National Bank of Florida MSD lifted its stake in shares of Autodesk by 8.9% during the 4th quarter. City National Bank of Florida MSD now owns 999 shares of the software company’s stock worth $296,000 after purchasing an additional 82 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Autodesk by 0.4% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 83,449 shares of the software company’s stock valued at $24,718,000 after purchasing an additional 328 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its stake in Autodesk by 7.4% in the fourth quarter. Boothbay Fund Management LLC now owns 8,035 shares of the software company’s stock valued at $2,378,000 after purchasing an additional 554 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other 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.