Autodesk, Inc. (NASDAQ:ADSK) Stock Has Consensus Price Target of $317.62 According to Analysts

Autodesk, Inc. (NASDAQ:ADSK) has received an average rating of “Moderate Buy” from the thirty-two brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $319.97.

ADSK has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and set a $283.00 price objective on shares of Autodesk in a research report on Monday, September 21st. The Goldman Sachs Group raised Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price on the stock in a research note on Thursday, September 17th. Royal Bank Of Canada restated an “outperform” rating and set a $305.00 price target on shares of Autodesk in a report on Thursday, September 17th. Piper Sandler assumed coverage on Autodesk in a report on Monday, September 28th. They set an “overweight” rating and a $300.00 price target for the company. Finally, DA Davidson set a $325.00 price target on Autodesk in a research report on Friday, August 28th.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently bought and sold shares of ADSK. Empowered Funds LLC raised its holdings in Autodesk by 10.3% in the third quarter. Empowered Funds LLC now owns 107,754 shares of the software company’s stock worth $22,521,000 after buying an additional 10,033 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Autodesk by 6.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 193,237 shares of the software company’s stock worth $40,387,000 after acquiring an additional 11,004 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in Autodesk in the 3rd quarter valued at approximately $203,000. Xcelsior Advisor Partners LLC bought a new position in Autodesk in the 3rd quarter valued at approximately $1,017,000. Finally, Pursue Wealth Partners LLC purchased a new stake in Autodesk during the 3rd quarter valued at $1,161,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Up 1.9%

ADSK traded up $4.94 during midday trading on Thursday, reaching $264.42. The company’s stock had a trading volume of 1,472,408 shares, compared to its average volume of 1,874,995. Autodesk has a 1 year low of $185.50 and a 1 year high of $320.00. The stock’s 50-day moving average is $234.20 and its 200-day moving average is $233.98. The firm has a market capitalization of $55.26 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.72 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.

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. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $2.62 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, research analysts expect that Autodesk will post 9.70 EPS for the current year.

Autodesk Company Profile

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.