Morgan Stanley Issues Pessimistic Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK) had its target price cut by stock analysts at Morgan Stanley from $385.00 to $350.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has an “overweight” rating on the software company’s stock. Morgan Stanley’s target price suggests a potential upside of 56.64% from the company’s current price.

A number of other brokerages have also commented on ADSK. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a report on Monday, November 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $340.00 price objective on shares of Autodesk in a report on Wednesday, February 11th. Piper Sandler restated an “overweight” rating on shares of Autodesk in a research note on Tuesday, January 13th. Bank of America lifted their target price on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets raised their price objective on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $350.57.

Autodesk Stock Performance

Autodesk stock opened at $223.44 on Monday. The stock has a fifty day moving average price of $267.77 and a 200 day moving average price of $292.01. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk has a 52 week low of $216.01 and a 52 week high of $329.09. The firm has a market capitalization of $47.37 billion, a P/E ratio of 43.60, a PEG ratio of 1.59 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts anticipate that Autodesk will post 5.76 earnings per share for the current year.

Institutional Investors Weigh In On Autodesk

Several hedge funds have recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk in 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. bought a new position in Autodesk during the fourth quarter valued at about $25,000. Archer Investment Corp boosted its stake in shares of 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 acquiring an additional 46 shares in the last quarter. Finally, Proffitt & Goodson Inc. acquired a new position in shares of Autodesk during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.