BNP Paribas Exane Raises Autodesk (NASDAQ:ADSK) Price Target to $300.00

Autodesk (NASDAQ:ADSK) had its target price lifted by stock analysts at BNP Paribas Exane from $295.00 to $300.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the software company’s stock. BNP Paribas Exane’s price target suggests a potential upside of 16.38% from the company’s previous close.

ADSK has been the subject of several other research reports. Citigroup increased their price target on Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. BMO Capital Markets upped their price objective on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Bank of America reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Tuesday, May 12th. Finally, BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $322.81.

Autodesk Price Performance

NASDAQ:ADSK traded down $12.81 during trading hours on Friday, reaching $257.77. 1,997,019 shares of the company were exchanged, compared to its average volume of 2,311,076. Autodesk has a twelve month low of $185.50 and a twelve month high of $329.09. The stock’s 50-day moving average is $224.60 and its 200-day moving average is $232.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market cap of $54.39 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $2.62 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, sell-side analysts anticipate that Autodesk will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new stake in Autodesk during the 4th quarter worth $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 2027 revenue of $2.05 billion, up 16% year over year and above the $2.01 billion consensus estimate. Adjusted earnings of $3.30 per share also topped expectations of $3.12, helped by operating leverage and margin expansion. Autodesk Q2 Earnings Beat on Operating Leverage, Revenues Rise Y/Y
• Positive Sentiment: Management raised fiscal 2027 billings expectations to approximately $8.575 billion-$8.65 billion, citing subscription momentum, construction-sector strength, emerging-market growth, improved sales productivity and contributions from MaintainX. AI initiatives are also being positioned as a growth opportunity. Autodesk raises FY 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 price target, while Bank of America maintained Buy and a $300 target. BMO raised its target to $283, although it kept a Market Perform rating; Piper Sandler maintained Overweight with a reduced $338 target.
• Neutral Sentiment: Autodesk plans to present at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences on September 9, potentially giving management an opportunity to provide additional detail on AI, MaintainX and the outlook. Autodesk to present at upcoming investor conferences
• Negative Sentiment: The main pressure came from guidance: Autodesk’s forecast for third-quarter adjusted profit was viewed as below Wall Street expectations, and the midpoint of its narrowed full-year fiscal 2027 adjusted EPS outlook also trailed estimates. Investors are therefore discounting the earnings beat and stronger revenue outlook.
• Negative Sentiment: Market commentary also highlighted investor concerns that generative AI could disrupt traditional design-software workflows, even as Autodesk argues its connected-data and AI products will enhance customer productivity. Autodesk forecasts quarterly profit below Wall Street estimates

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.