Providing a diverse range of perspectives from bullish to bearish, 20 analysts have published ratings on Autodesk ADSK in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within 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 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 4 | 6 | 3 | 0 | 2 |
Analysts have recently evaluated Autodesk and provided 12-month price targets. The average target is $292.65, accompanied by a high estimate of $320.00 and a low estimate of $230.00. Witnessing a positive shift, the current average has risen by 11.39% from the previous average price target of $262.72.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Autodesk by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jason Celino | Keybanc | Lowers | Overweight | $305.00 | $320.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Autodesk. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Autodesk compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Autodesk's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Autodesk's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Autodesk analyst ratings.
Get to Know Autodesk Better
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.
Autodesk's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Autodesk's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.89% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Autodesk's net margin is impressive, surpassing industry averages. With a net margin of 19.2%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Autodesk's ROE excels beyond industry benchmarks, reaching 16.9%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Autodesk's ROA excels beyond industry benchmarks, reaching 2.95%. This signifies efficient management of assets and strong financial health.
Debt Management: Autodesk's debt-to-equity ratio surpasses industry norms, standing at 1.42. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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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