During the last three months, 20 analysts shared their evaluations of Autodesk ADSK, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 4 | 0 | 2 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 1 |
| 3M Ago | 3 | 7 | 3 | 0 | 1 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $292.4, a high estimate of $320.00, and a low estimate of $230.00. Observing a 12.29% increase, the current average has risen from the previous average price target of $260.39.
Decoding Analyst Ratings: A Detailed Look
The standing of Autodesk among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nay Soe Naing | Berenberg | Announces | Hold | $295.00 | - |
| Adam Borg | Stifel | Maintains | Buy | $316.00 | $316.00 |
| Adam Borg | Stifel | Maintains | Buy | $316.00 | $316.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $320.00 | - |
| Joseph Bonner | Argus Research | Raises | Buy | $300.00 | $265.00 |
| Kash Rangan | Goldman Sachs | Raises | Sell | $230.00 | $180.00 |
| Jason Celino | Keybanc | Raises | Overweight | $320.00 | $275.00 |
| Ken Wong | Oppenheimer | Raises | Outperform | $315.00 | $265.00 |
| Blair Abernethy | Rosenblatt | Raises | Buy | $290.00 | $265.00 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $260.00 | $234.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $320.00 | $290.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $270.00 | $220.00 |
| Kash Rangan | Goldman Sachs | Raises | Sell | $230.00 | $180.00 |
| Daniel Jester | BMO Capital | Raises | Market Perform | $293.00 | $232.00 |
| Adam Borg | Stifel | Raises | Buy | $316.00 | $265.00 |
| Saket Kalia | Barclays | Raises | Overweight | $310.00 | $300.00 |
| Tyler Radke | Citigroup | Raises | Buy | $307.00 | $276.00 |
| Jason Celino | Keybanc | Raises | Overweight | $275.00 | $265.00 |
| Ken Wong | Oppenheimer | Maintains | Outperform | $265.00 | $265.00 |
| Saket Kalia | Barclays | Raises | Overweight | $300.00 | $278.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Autodesk. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Autodesk compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Autodesk's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Autodesk's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Autodesk analyst ratings.
Discovering Autodesk: A Closer Look
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Financial Milestones: Autodesk's Journey
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Autodesk's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 3.89%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 19.2%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Autodesk's ROE stands out, surpassing industry averages. With an impressive ROE of 16.9%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Autodesk's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.95% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Autodesk's debt-to-equity ratio stands notably higher than the industry average, reaching 1.42. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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