Autodesk (NASDAQ:ADSK) Price Target Lowered to $330.00 at Wells Fargo & Company

Autodesk (NASDAQ:ADSK) had its price objective lowered by Wells Fargo & Company from $350.00 to $330.00 in a research report report published on Friday, Marketbeat Ratings reports. The firm currently has an overweight rating on the software company’s stock.

Several other research analysts have also recently commented on the stock. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday. Stifel Nicolaus cut their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. BMO Capital Markets cut their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Three equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $327.75.

Autodesk Stock Performance

Shares of ADSK opened at $231.31 on Friday. Autodesk has a 12 month low of $214.10 and a 12 month high of $329.09. The firm has a fifty day simple moving average of $238.52 and a 200 day simple moving average of $260.41. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.55 and a beta of 1.32. 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 (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 58.65%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts forecast that Autodesk will post 9.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after acquiring an additional 78,928 shares during the period. State Street Corp increased its position in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after acquiring an additional 70,053 shares during the period. Geode Capital Management LLC increased its position in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after acquiring an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after acquiring an additional 155,255 shares during the period. Finally, Norges Bank bought a new position in Autodesk during the fourth quarter worth about $867,480,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk beat first-quarter estimates, with revenue rising 18% year over year and EPS coming in above consensus, showing continued demand across construction, manufacturing, and AI-driven workflows.
• Positive Sentiment: The company raised fiscal 2027 guidance, which signals management confidence in continued growth and margin expansion.
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $325 price target, implying significant upside from current levels.
• Positive Sentiment: BTIG also reiterated a Buy rating, while Wells Fargo maintained an Overweight view and Piper Sandler kept an Overweight rating, suggesting Street confidence remains intact.
• Neutral Sentiment: Autodesk announced it will present at upcoming investor conferences, which may keep investor attention on the name but is not an immediate catalyst.
• Negative Sentiment: Shares are weaker because investors are worried the MaintainX acquisition could create execution risk, integration challenges, and pressure on margins and financing.
• Negative Sentiment: Some analysts trimmed price targets, including BMO Capital, Loop Capital, Wells Fargo, and Piper Sandler, reflecting a more cautious stance after the deal announcement.

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.