BTIG Research Cuts Autodesk (NASDAQ:ADSK) Price Target to $300.00

Autodesk (NASDAQ:ADSKGet Free Report) had its price target cut by BTIG Research from $365.00 to $300.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the software company’s stock. BTIG Research’s target price would suggest a potential upside of 28.51% from the company’s current price.

ADSK has been the topic of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $340.00 price target on shares of Autodesk in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. The Goldman Sachs Group raised their target price on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Citigroup dropped their price target on shares of Autodesk from $382.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities cut their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $345.57.

Read Our Latest Analysis on ADSK

Autodesk Stock Performance

Shares of Autodesk stock opened at $233.45 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $262.12 and a 200 day simple moving average of $290.14. Autodesk has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The firm has a market cap of $49.49 billion, a P/E ratio of 45.24, a P/E/G ratio of 1.57 and a beta of 1.45.

Autodesk (NASDAQ:ADSKGet Free Report) last posted 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. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

Large investors have recently bought and sold shares of the business. DGS Capital Management LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $380,000. SG Trading Solutions LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $277,000. Kera Capital Partners Inc. lifted its holdings in shares of Autodesk by 51.0% in the fourth quarter. Kera Capital Partners Inc. now owns 1,737 shares of the software company’s stock valued at $514,000 after purchasing an additional 587 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of Autodesk in the fourth quarter valued at about $58,000. Finally, Cambient Family Office LLC acquired a new position in shares of Autodesk during the fourth quarter worth about $5,385,000. 90.24% of the stock is owned by institutional investors.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

About Autodesk

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

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