Autodesk stock maintains Buy rating at Stifel following annual conference

Investing.com - Stifel maintained its Buy rating and $375.00 price target on Autodesk (NASDAQ:ADSK), aligning with the broader analyst consensus of Buy. With analyst targets ranging from $271 to $430, the software giant, currently trading at $318.51, commands a market capitalization of $67.77 billion following the company’s annual Autodesk University conference that began Tuesday in Nashville.

The software company showcased product innovations across its Architecture, Engineering, Construction, and Operations (AECO), Design and Manufacturing (D&M), and Media and Entertainment (M&E) verticals during the opening keynote.

Autodesk’s presentation focused on integrating its newer Industry Clouds (Forma, Fusion, and Flow) with flagship desktop solutions (Revit, Inventor, and Maya), while also demonstrating artificial intelligence innovations designed to automate manual tasks.

A dedicated AI keynote provided deeper insights into Autodesk’s AI advancements and underlying data fabric, including new industry-specific neural CAD generative AI foundational models that can create editable CAD from natural language prompts.

The company also introduced a new usage-based pricing model for accessing APIs, which represents a significant advancement from the Project Bernini announced last year.

In other recent news, Autodesk has seen a series of positive developments, particularly regarding its financial performance. The company reported strong second-quarter earnings, which have led several analyst firms to adjust their price targets upward. Macquarie increased its target to $380, UBS raised it to $385, and Oppenheimer adjusted its target to $375, all citing robust revenue and growth figures. UBS noted that Autodesk’s revenue and billings were among the strongest in recent quarters, with growth in the low-teens and well into the 20s, respectively.

Additionally, Autodesk announced a multi-year partnership with the Kraft Group, becoming the Official Design and Make Platform for the New England Patriots. This partnership will see the implementation of Autodesk Construction Cloud for managing infrastructure projects at Gillette Stadium. Meanwhile, Planet Labs appointed Scott Reese, a GE Vernova executive, to its board of directors, effective in early November 2025. These developments reflect ongoing strategic moves and financial health for both Autodesk and Planet Labs.

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