Wolfe Research Has Lowered Expectations for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSKGet Free Report) had its price target cut by research analysts at Wolfe Research from $390.00 to $330.00 in a report issued on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the software company’s stock. Wolfe Research’s price objective points to a potential upside of 37.05% from the company’s previous close.

A number of other research firms have also commented on ADSK. JPMorgan Chase & Co. upgraded Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price objective on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and increased their target price for the stock from $345.00 to $375.00 in a report on Wednesday, November 26th. Barclays boosted their price target on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Finally, Redburn Partners set a $375.00 target price on shares of Autodesk in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $369.24.

Check Out Our Latest Stock Report on Autodesk

Autodesk Trading Down 5.8%

Shares of Autodesk stock opened at $240.79 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day moving average of $285.86 and a 200-day moving average of $298.27. Autodesk has a 52-week low of $232.67 and a 52-week high of $329.09. The stock has a market cap of $51.05 billion, a PE ratio of 46.66, a PEG ratio of 1.78 and a beta of 1.45.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share 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 business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $2.17 EPS. The business’s revenue 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. As a group, sell-side analysts forecast that Autodesk will post 5.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADSK. Brighton Jones LLC raised its stake in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares during the period. Hilltop National Bank bought a new position in Autodesk during the 2nd quarter worth $31,000. Wealthcare Advisory Partners LLC lifted its holdings in Autodesk by 3.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,862 shares of the software company’s stock worth $577,000 after buying an additional 59 shares during the period. Finally, Simplicity Wealth LLC lifted its holdings in Autodesk by 334.7% during the 2nd quarter. Simplicity Wealth LLC now owns 4,299 shares of the software company’s stock worth $1,331,000 after buying an additional 3,310 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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About Autodesk

(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.

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