Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, Citigroup Analyst Says

Autodesk (NASDAQ:ADSK) had its price objective boosted by equities researchers at Citigroup from $269.00 to $276.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the software company’s stock. Citigroup’s price target would indicate a potential upside of 6.44% from the company’s previous close.

A number of other brokerages also recently issued reports on ADSK. BMO Capital Markets boosted their price objective on Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a research note on Friday. The Goldman Sachs Group began coverage on Autodesk in a research note on Tuesday, August 11th. They set a “neutral” rating and a $260.00 target price for the company. UBS Group boosted their price target on Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.30.

Autodesk Trading Down 0.5%

Shares of ADSK traded down $1.36 during trading hours on Monday, hitting $259.30. 290,664 shares of the stock were exchanged, compared to its average volume of 2,307,625. Autodesk has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The business has a 50-day moving average of $225.93 and a 200-day moving average of $232.22. The firm has a market capitalization of $54.71 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, research analysts expect that Autodesk will post 9.7 EPS for the current year.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Formuepleje A S increased its position in shares of Autodesk by 160.3% during the second quarter. Formuepleje A S now owns 12,293 shares of the software company’s stock worth $2,390,000 after acquiring an additional 7,571 shares in the last quarter. HighTower Advisors LLC lifted its position in Autodesk by 2.4% in the 2nd quarter. HighTower Advisors LLC now owns 59,142 shares of the software company’s stock valued at $11,498,000 after acquiring an additional 1,383 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Autodesk during the 2nd quarter valued at about $11,468,000. California State Teachers Retirement System boosted its stake in Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock valued at $11,392,395,000 after purchasing an additional 58,287,201 shares during the last quarter. Finally, Saudi Central Bank increased its holdings in Autodesk by 88.8% during the 2nd quarter. Saudi Central Bank now owns 14,770 shares of the software company’s stock worth $2,872,000 after purchasing an additional 6,945 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside from Autodesk’s recent trading level. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating for Autodesk, reinforcing the constructive Wall Street view of the company’s growth prospects. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its Autodesk price target to $300, while BMO Capital Markets projected strong potential appreciation. These targets indicate analysts see additional value despite the stock’s recent gains. BNP Paribas Exane Boosts Autodesk Price Target
• Positive Sentiment: Autodesk’s earnings call highlighted continued growth momentum. The company recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year and management providing fiscal 2027 guidance. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, creating a partial counterweight to the otherwise favorable analyst commentary. The change may reflect valuation or near-term execution concerns. Piper Sandler Lowers Expectations for Autodesk
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe. The legal uncertainty could increase costs, damage investor confidence, and weigh on ADSK until the matters are resolved. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities

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.