Loop Capital Issues Pessimistic Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK) had its price target cut by equities research analysts at Loop Capital from $250.00 to $235.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the software company’s stock. Loop Capital’s target price would indicate a potential upside of 4.50% from the stock’s previous close.

Several other equities analysts also recently commented on ADSK. Deutsche Bank Aktiengesellschaft cut their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Barclays cut their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday. Finally, BTIG Research reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $327.75.

Autodesk Price Performance

NASDAQ ADSK traded down $16.08 on Friday, reaching $224.88. The company’s stock had a trading volume of 1,413,250 shares, compared to its average volume of 2,118,657. Autodesk has a 52 week low of $214.10 and a 52 week high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market cap of $47.48 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The business has a 50-day moving average price of $238.86 and a 200 day moving average price of $260.61.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company earned $2.29 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts expect that Autodesk will post 9.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Torren Management LLC acquired a new position in Autodesk during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Autodesk during the fourth quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered better-than-expected Q1 results, with revenue of $1.93 billion and adjusted EPS of $2.99 both topping estimates, while revenue rose 18.4% year over year. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: The company raised guidance for fiscal 2027 and Q2, signaling management confidence in continued growth and profitability. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: BTIG reaffirmed its Buy rating and set a $300 price target, while Piper Sandler maintained Overweight, despite trimming its target to $369, reinforcing Wall Street’s bullish long-term view. Benzinga rating update
• Positive Sentiment: Autodesk announced it will present at upcoming investor conferences, which can help keep investors focused on the company’s strategy and outlook. Autodesk to present at upcoming investor conferences
• Neutral Sentiment: Autodesk’s planned $3.6 billion acquisition of MaintainX could expand its operations platform and AI ambitions over time, but it also adds integration and execution risk that may be keeping some investors cautious. Autodesk to acquire MaintainX, advancing unified platform in operations
• Negative Sentiment: Some traders appear to be focusing on the acquisition headline rather than the earnings beat, with reports noting the stock slipped in premarket trading despite strong fundamentals. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

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.