Rothschild & Co Redburn Initiates Coverage on Autodesk (NASDAQ:ADSK)

Equities researchers at Rothschild & Co Redburn started coverage on shares of Autodesk (NASDAQ:ADSK) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a $375.00 price target on the software company’s stock. Rothschild & Co Redburn’s price objective points to a potential upside of 36.32% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company upped 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. HSBC lowered their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Barclays upped their price objective on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. BTIG Research initiated coverage on shares of Autodesk in a research report on Tuesday, December 16th. They set a “buy” rating and a $365.00 price target for the company. Finally, Citigroup upped their target price on Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $369.97.

Autodesk Stock Down 0.5%

Autodesk stock traded down $1.50 during midday trading on Friday, reaching $275.08. The company’s stock had a trading volume of 81,966 shares, compared to its average volume of 1,313,526. The business has a 50-day simple moving average of $297.68 and a 200-day simple moving average of $303.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The company has a market cap of $58.32 billion, a P/E ratio of 53.14, a P/E/G ratio of 2.39 and a beta of 1.46. Autodesk has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) 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 the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $2.17 EPS. The company’s revenue was up 18.0% compared to the same quarter last year. 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, research analysts expect that Autodesk will post 5.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the 3rd quarter worth about $25,000. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Autodesk in the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC bought a new stake in Autodesk in the third quarter worth approximately $29,000. Finally, Access Investment Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

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.