Citigroup Issues Positive Forecast for Autodesk (NASDAQ:ADSK) Stock Price

Autodesk (NASDAQ:ADSK) had its price objective hoisted by Citigroup from $246.00 to $252.00 in a research report sent to investors on Friday morning,MarketScreener reports. They currently have a neutral rating on the software company’s stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday. Piper Sandler dropped their target price on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Rosenblatt Securities dropped their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.75.

Autodesk Stock Performance

Shares of ADSK stock opened at $231.31 on Friday. The stock has a market capitalization of $48.84 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. Autodesk has a 52-week low of $214.10 and a 52-week high of $329.09. The stock’s 50-day moving average price is $238.52 and its 200 day moving average price is $260.41. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 58.65% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities research analysts forecast that Autodesk will post 9.35 EPS for the current year.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently modified their holdings of ADSK. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in Autodesk in the 2nd quarter valued at approximately $466,000. Baird Financial Group Inc. lifted its stake in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after buying an additional 2,795 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

More Autodesk News

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.