Autodesk, Inc. (NASDAQ:ADSK) Receives $333.07 Average Price Target from Analysts

Autodesk, Inc. (NASDAQ:ADSK) has been assigned an average rating of “Moderate Buy” from the thirty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, twenty-three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $332.2143.

A number of research firms have commented on ADSK. Arete Research cut their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Argus raised shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Royal Bank Of Canada cut their target price on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. DA Davidson cut their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd.

Autodesk Stock Performance

NASDAQ ADSK opened at $240.99 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $50.89 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company’s 50-day simple moving average is $239.61 and its two-hundred day simple moving average is $261.86. Autodesk has a one year low of $214.10 and a one year high of $329.09.

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

Institutional Trading of Autodesk

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Autodesk by 12.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after buying an additional 17,358 shares in the last quarter. OFI Invest Asset Management raised its position in shares of Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after purchasing an additional 37,449 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the last quarter. Freemont Management S.A. purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $4,765,000. Finally, Renaissance Group LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $33,789,000. 90.24% of the stock is currently owned by 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.