Autodesk (NASDAQ:ADSK) Price Target Raised to $331.00

Autodesk (NASDAQ:ADSKGet Free Report) had its price target boosted by analysts at Citigroup from $315.00 to $331.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the software company’s stock. Citigroup’s price objective points to a potential upside of 34.04% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. UBS Group dropped their price target on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company dropped their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday. HSBC cut their target price on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Macquarie Infrastructure lifted their price target on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $341.96.

Read Our Latest Stock Analysis on Autodesk

Autodesk Stock Up 0.4%

Shares of ADSK opened at $246.94 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. Autodesk has a 1 year low of $215.01 and a 1 year high of $329.09. The stock has a market capitalization of $52.35 billion, a PE ratio of 47.13, a P/E/G ratio of 1.73 and a beta of 1.45. The company’s 50-day simple moving average is $259.96 and its 200-day simple moving average is $289.68.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. 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 forecast that Autodesk will post 5.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Autodesk during the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after acquiring an additional 952,343 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after acquiring an additional 950,149 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in Autodesk during the 3rd quarter worth $268,649,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

Autodesk Company Profile

(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.

Recommended Stories

Analyst Recommendations for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.