Arete Research Forecasts Strong Price Appreciation for Autodesk (NASDAQ:ADSK) Stock

Autodesk (NASDAQ:ADSK) had its target price lifted by research analysts at Arete Research from $430.00 to $460.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the software company’s stock. Arete Research’s price objective points to a potential upside of 54.55% from the company’s previous close.

Several other research firms have also recently weighed in on ADSK. HSBC reduced their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Mizuho upped their price target on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Wells Fargo & Company boosted their price objective on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Stifel Nicolaus lifted their price target on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $369.77.

Autodesk Stock Performance

Shares of ADSK opened at $297.64 on Thursday. The firm has a market cap of $63.10 billion, a P/E ratio of 57.68, a PEG ratio of 2.44 and a beta of 1.47. Autodesk has a twelve month low of $232.67 and a twelve month high of $329.09. 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’s 50 day moving average price is $302.70 and its two-hundred day moving average price is $303.46.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.17 earnings per share. 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, analysts forecast that Autodesk will post 5.76 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. OMNI 360 Wealth Inc. bought a new position in shares of Autodesk in the second quarter worth $359,000. E. Ohman J or Asset Management AB grew its position in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after buying an additional 2,276 shares in the last quarter. Nordea Investment Management AB grew its position in Autodesk by 5.6% during the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after buying an additional 1,124 shares in the last quarter. GK Wealth Management LLC bought a new position in Autodesk in the 2nd quarter worth about $348,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at about $348,000. 90.24% of the stock is owned by institutional investors.

Autodesk Company Profile

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.