Brokerages Set Autodesk, Inc. (NASDAQ:ADSK) Price Target at $342.81
by Renee Jackson · The Cerbat GemShares of Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) have earned an average rating of “Moderate Buy” from the twenty-nine analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $342.8148.
A number of analysts have recently commented on the company. Barclays upped their target price on Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. BTIG Research decreased their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Citigroup upped their price objective on Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. DA Davidson dropped their price objective on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Oppenheimer cut their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th.
Read Our Latest Stock Analysis on Autodesk
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk during the fourth quarter valued at $25,000. Archer Investment Corp grew its position in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the third quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Price Performance
Autodesk stock opened at $238.08 on Wednesday. The business’s 50-day simple moving average is $243.47 and its two-hundred day simple moving average is $280.14. 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 cap of $50.23 billion, a PE ratio of 45.44, a PEG ratio of 1.58 and a beta of 1.43. Autodesk has a fifty-two week low of $215.01 and a fifty-two week high of $329.09.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. 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 anticipate that Autodesk will post 5.76 EPS for the current year.
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.