In the latest quarter, 19 analysts provided ratings for Autodesk ADSK, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 7 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 5 | 6 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $277.0, a high estimate of $320.00, and a low estimate of $230.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.94%.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Autodesk by financial experts. 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 |
|---|---|---|---|---|---|
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $260.00 | $260.00 |
| Keith Weiss | Morgan Stanley | Maintains | Equal-Weight | $255.00 | $255.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $260.00 | $260.00 |
| Daniel Jester | BMO Capital | Lowers | Market Perform | $254.00 | $293.00 |
| Tyler Radke | Citigroup | Raises | Buy | $295.00 | $286.00 |
| Clarke Jeffries | Piper Sandler | Maintains | Neutral | $239.00 | $239.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $290.00 | $290.00 |
| Saket Kalia | Barclays | Lowers | Overweight | $275.00 | $310.00 |
| Matthew Broome | Mizuho | Lowers | Neutral | $230.00 | $270.00 |
| Michael Funk | B of A Securities | Lowers | Neutral | $260.00 | $300.00 |
| Clarke Jeffries | Piper Sandler | Lowers | Neutral | $239.00 | $260.00 |
| Joe Vruwink | Baird | Lowers | Outperform | $289.00 | $296.00 |
| Adam Borg | Stifel | Lowers | Buy | $290.00 | $316.00 |
| Ken Wong | Oppenheimer | Lowers | Outperform | $275.00 | $315.00 |
| 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 | - |
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: 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: Understanding forecasts, analysts offer estimates for Autodesk's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Autodesk's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Autodesk analyst ratings.
Unveiling the Story Behind Autodesk
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: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Autodesk's revenue growth over a period of 3 months has been noteworthy. As of 30 April, 2024, the company achieved a revenue growth rate of approximately 11.66%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 17.78%, 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 12.55%, 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 2.55% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Autodesk's debt-to-equity ratio surpasses industry norms, standing at 1.21. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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