The Goldman Sachs Group Forecasts Strong Price Appreciation for Autodesk (NASDAQ:ADSK) Stock

Autodesk (NASDAQ:ADSK) had its price target upped by investment analysts at The Goldman Sachs Group from $320.00 to $330.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the software company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 4.34% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Macquarie boosted their target price on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $400.00 price target on shares of Autodesk in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $363.24.

Autodesk Trading Up 7.4%

ADSK opened at $316.27 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a market cap of $67.36 billion, a PE ratio of 65.46, a PEG ratio of 2.63 and a beta of 1.51. The business has a 50 day moving average of $307.38 and a 200-day moving average of $302.86.

Autodesk (NASDAQ:ADSK) last released 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 for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 35,386 shares of company stock valued at $11,433,201. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADSK. SouthState Corp grew its position in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the third quarter worth approximately $25,000. Costello Asset Management INC purchased a new position in Autodesk in the 1st quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in Autodesk in the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk during the 1st quarter worth $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.