Autodesk, Inc. (NASDAQ:ADSK) Stock Has Average Target Price of $316.84

by · The Markets Daily

Shares of Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirty-two analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $316.84.

Several equities research analysts have recently weighed in on the company. Argus reissued a “buy” rating and set a $355.00 target price on shares of Autodesk in a research report on Wednesday, September 2nd. Guggenheim reaffirmed a “buy” rating and issued a $283.00 price target on shares of Autodesk in a report on Monday, September 21st. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. Cantor Fitzgerald began coverage on shares of Autodesk in a research note on Monday, September 14th. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Friday, September 18th.

Read Our Latest Stock Report on ADSK

Institutional Investors Weigh In On Autodesk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new position in Autodesk during the 1st quarter worth $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Autodesk in the second quarter valued at about $30,000. Avalon Trust Co purchased a new stake in shares of Autodesk in the second quarter valued at about $35,000. Community Financial Services Group LLC purchased a new stake in shares of Autodesk in the second quarter valued at about $37,000. Finally, Clearstead Trust LLC acquired a new position in shares of Autodesk during the second quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ:ADSK opened at $245.58 on Friday. Autodesk has a 12 month low of $185.50 and a 12 month high of $320.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $51.33 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.33. The business’s fifty day moving average price is $232.26 and its 200 day moving average price is $227.98.

Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.62 EPS. 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, sell-side analysts anticipate that Autodesk will post 9.70 earnings per share for the current fiscal year.

Autodesk Company Profile

(Get Free Report)

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.

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