Wolfe Research Cuts Autodesk (NASDAQ:ADSK) Price Target to $330.00

Autodesk (NASDAQ:ADSK) had its price target trimmed by Wolfe Research from $390.00 to $330.00 in a report published on Monday,MarketScreener reports. The brokerage currently has an outperform rating on the software company’s stock.

Several other equities research analysts also recently commented on ADSK. Macquarie upped their target price on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Bank of America boosted their price objective on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. HSBC decreased their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a report on Friday, November 28th. Citigroup lifted their target price on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, JPMorgan Chase & Co. upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price target for the company in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.24.

Autodesk Stock Performance

Shares of ADSK opened at $243.41 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50 day moving average is $284.70 and its 200-day moving average is $297.89. Autodesk has a 12-month low of $232.67 and a 12-month high of $329.09. The stock has a market capitalization of $51.60 billion, a P/E ratio of 47.17, a P/E/G ratio of 1.68 and a beta of 1.45.

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

Institutional Investors Weigh In On Autodesk

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 valued at $6,362,192,000 after purchasing an additional 78,928 shares during the last quarter. State Street Corp raised its stake in shares of Autodesk by 1.8% during the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after purchasing an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after buying an additional 88,066 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after buying an additional 734,449 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after buying an additional 564,136 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.