Autodesk (NASDAQ:ADSK) Earns Buy Rating from Bank of America

Autodesk (NASDAQ:ADSK)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a note issued to investors on Tuesday,Benzinga reports. They presently have a $300.00 target price on the software company’s stock. Bank of America‘s price target indicates a potential upside of 27.08% from the stock’s previous close.

ADSK has been the topic of a number of other research reports. Citigroup reaffirmed a “neutral” rating and set a $246.00 target price (down from $331.00) on shares of Autodesk in a research note on Friday, April 10th. Royal Bank Of Canada decreased their target price on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Loop Capital decreased their target price on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets decreased their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research note on Monday, March 2nd. Finally, Wolfe Research boosted their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.61.

Autodesk Stock Down 3.4%

Shares of ADSK opened at $236.07 on Tuesday. Autodesk has a one year low of $214.10 and a one year high of $329.09. The company has a market cap of $49.85 billion, a P/E ratio of 45.05, a P/E/G ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $242.73 and a two-hundred day simple moving average of $266.57.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts forecast that Autodesk will post 9.35 EPS for the current fiscal year.

Institutional Trading of Autodesk

Several institutional investors have recently modified their holdings of the business. Oslo Pensjonsforsikring AS bought a new stake in shares of Autodesk in the first quarter worth $127,000. Summit Global Investments grew its stake in shares of Autodesk by 57.7% in the first quarter. Summit Global Investments now owns 4,275 shares of the software company’s stock worth $1,023,000 after purchasing an additional 1,565 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Autodesk by 50.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 2,640 shares of the software company’s stock worth $632,000 after purchasing an additional 881 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Autodesk by 11.9% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 109,484 shares of the software company’s stock worth $26,210,000 after purchasing an additional 11,671 shares during the last quarter. Finally, AlTi Global Inc. bought a new stake in shares of Autodesk in the first quarter worth $206,000. 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.