Autodesk, Inc. (NASDAQ:ADSK) Receives $335.93 Consensus Price Target from Brokerages

Shares of Autodesk, Inc. (NASDAQ:ADSK) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-one ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $335.9286.

Several equities research analysts recently weighed in on ADSK shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Arete Research reduced their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. raised their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Jefferies Financial Group started coverage on shares of Autodesk in a research report on Wednesday, April 15th. They set a “buy” rating and a $300.00 price target for the company. Finally, BMO Capital Markets reduced their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research report on Monday, March 2nd.

Institutional Investors Weigh In On Autodesk

A number of large investors have recently added to or reduced their stakes in ADSK. Brighton Jones LLC grew its position in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new stake in Autodesk in the 2nd quarter worth approximately $466,000. Baird Financial Group Inc. grew its position in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares during the period. Finally, NewEdge Advisors LLC grew its position in Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $237.00 on Friday. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 45.23, a P/E/G ratio of 1.56 and a beta of 1.43. 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 50 day simple moving average of $240.74 and a two-hundred day simple moving average of $269.24. Autodesk has a fifty-two week low of $214.10 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Analysts expect that Autodesk will post 9.35 EPS for the current fiscal 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.