Autodesk (NASDAQ:ADSK) Stock Price Expected to Rise, Wolfe Research Analyst Says

Autodesk (NASDAQ:ADSK) had its target price increased by analysts at Wolfe Research from $370.00 to $390.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the software company’s stock. Wolfe Research’s target price suggests a potential upside of 23.31% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. DA Davidson restated a “buy” rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Wells Fargo & Company reissued an “overweight” rating and set a $380.00 target price on shares of Autodesk in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $355.00 target price on shares of Autodesk in a report on Monday. Mizuho boosted their price objective on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group raised their target price on Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $363.24.

Autodesk Stock Performance

Autodesk stock opened at $316.27 on Wednesday. Autodesk has a 12-month low of $232.67 and a 12-month high of $329.09. The stock has a 50-day simple moving average of $307.38 and a 200 day simple moving average of $302.86. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $67.36 billion, a price-to-earnings ratio of 65.46, a P/E/G ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts anticipate that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ADSK. Norges Bank bought a new position in shares of Autodesk during the second quarter valued at $777,202,000. Nuveen LLC purchased a new stake in shares of Autodesk during the 1st quarter valued at about $278,383,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Autodesk in the third quarter worth approximately $268,649,000. Finally, Geode Capital Management LLC raised its holdings in shares of Autodesk by 15.1% during the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

About Autodesk

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.