Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Autodesk, Inc. (NASDAQ:ADSK) have earned an average recommendation of “Moderate Buy” from the thirty analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $341.9643.

Several research firms have recently commented on ADSK. Arete Research lifted their target price on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. DA Davidson cut their price target on Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group boosted their price objective on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th.

Autodesk Price Performance

Shares of ADSK stock opened at $251.83 on Friday. Autodesk has a 1 year low of $215.01 and a 1 year 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’s 50 day moving average is $254.21 and its 200-day moving average is $288.16. The firm has a market capitalization of $53.14 billion, a price-to-earnings ratio of 48.06, a PEG ratio of 1.68 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $2.29 earnings per share. Autodesk’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. Sell-side analysts forecast that Autodesk will post 5.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Large investors have recently bought and sold shares of the business. Torren Management LLC bought a new position in Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp lifted its stake in shares of Autodesk by 112.2% in the 4th 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. bought a new position in shares of Autodesk in the 3rd quarter worth $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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.