Citigroup Boosts Autodesk (NASDAQ:ADSK) Price Target to $252.00

Autodesk (NASDAQ:ADSK) had its price objective lifted by stock analysts at Citigroup from $246.00 to $252.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the software company’s stock. Citigroup’s target price indicates a potential upside of 12.06% from the stock’s previous close.

A number of other research firms have also recently weighed in on ADSK. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Rosenblatt Securities decreased 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, February 24th. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday. Robert W. Baird dropped their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, Oppenheimer reduced their price target on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $327.75.

Autodesk Price Performance

Shares of ADSK traded down $16.08 during mid-day trading on Friday, hitting $224.88. The company’s stock had a trading volume of 1,413,250 shares, compared to its average volume of 2,118,657. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk has a 1-year low of $214.10 and a 1-year high of $329.09. The firm has a market capitalization of $47.48 billion, a P/E ratio of 42.91, a P/E/G ratio of 1.53 and a beta of 1.32. The firm has a 50-day simple moving average of $238.86 and a 200 day simple moving average of $260.61.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts predict that Autodesk will post 9.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Several hedge funds have recently added to or reduced their stakes in ADSK. Norges Bank purchased a new stake in shares of Autodesk in the fourth quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Wellington Management Group LLP raised its position 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 worth $552,994,000 after purchasing an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Autodesk by 80.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after buying an additional 936,388 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk delivered better-than-expected Q1 results, with revenue of $1.93 billion and adjusted EPS of $2.99 both topping estimates, while revenue rose 18.4% year over year. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: The company raised guidance for fiscal 2027 and Q2, signaling management confidence in continued growth and profitability. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: BTIG reaffirmed its Buy rating and set a $300 price target, while Piper Sandler maintained Overweight, despite trimming its target to $369, reinforcing Wall Street’s bullish long-term view. Benzinga rating update
• Positive Sentiment: Autodesk announced it will present at upcoming investor conferences, which can help keep investors focused on the company’s strategy and outlook. Autodesk to present at upcoming investor conferences
• Neutral Sentiment: Autodesk’s planned $3.6 billion acquisition of MaintainX could expand its operations platform and AI ambitions over time, but it also adds integration and execution risk that may be keeping some investors cautious. Autodesk to acquire MaintainX, advancing unified platform in operations
• Negative Sentiment: Some traders appear to be focusing on the acquisition headline rather than the earnings beat, with reports noting the stock slipped in premarket trading despite strong fundamentals. Why Autodesk (ADSK) Stock Tumbled 5% Despite Strong Earnings Results

About Autodesk

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.