Autodesk (NASDAQ:ADSK) Price Target Raised to $460.00 at Arete Research

by · The Cerbat Gem

Autodesk (NASDAQ:ADSK – Get Free Report) had its target price hoisted by research analysts at Arete Research from $430.00 to $460.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the software company’s stock. Arete Research’s target price suggests a potential upside of 52.77% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Macquarie raised their price objective on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Wells Fargo & Company lifted their price objective on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Finally, Bank of America increased their target price on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $369.77.

View Our Latest Report on ADSK

Autodesk Stock Performance

Shares of ADSK opened at $301.12 on Thursday. Autodesk has a 1 year low of $232.67 and a 1 year high of $329.09. 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 stock’s fifty day moving average price is $303.53 and its two-hundred day moving average price is $303.46. The firm has a market cap of $63.84 billion, a PE ratio of 58.19, a PEG ratio of 2.44 and a beta of 1.47.

Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $2.17 EPS. Autodesk’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, equities research analysts forecast that Autodesk will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. SouthState Corp grew its holdings in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk in the third quarter worth about $25,000. Flaharty Asset Management LLC purchased a new position in shares of Autodesk during the 1st quarter valued at about $27,000. Proffitt & Goodson Inc. bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $27,000. Finally, Access Investment Management LLC purchased a new stake in Autodesk in the 2nd quarter worth approximately $28,000. 90.24% of the stock is owned by institutional investors.

Autodesk Company Profile

(Get Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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