Oil prices push higher amid worries over Russian supply disruptions
Investing.com - Loop Capital has reiterated its Hold rating and $320.00 price target on Autodesk (NASDAQ:ADSK) following the company’s second-quarter financial results. According to InvestingPro data, analyst targets range from $271 to $430, with the stock currently trading at $288.49 and showing potential upside based on Fair Value analysis.
The software company reported revenue of $1.763 billion, exceeding analyst expectations by $38 million and representing 11% growth when adjusted for currency effects and Autodesk’s new transaction model. InvestingPro analysis reveals impressive gross profit margins of 92.04% and strong revenue growth of 13.78% over the last twelve months, reflecting the company’s robust market position.
Autodesk achieved operating margins of 39%, surpassing Loop Capital’s estimate by nearly 100 basis points, while billings growth reached 26% when normalized for currency and transaction model changes.
Loop Capital analyst Mark Schappel noted that Autodesk delivered "strong FQ2 results, driven by solid sales execution and strength in AEC [Architecture, Engineering, and Construction]."
Management’s commentary on the demand environment remained largely consistent with the previous quarter, leading to a modest increase in revenue and billings guidance that reflects the quarter’s outperformance and foreign currency tailwinds.
In other recent news, Autodesk Inc . reported its financial results for the second quarter of fiscal year 2026, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $2.62, exceeding the forecast of $2.45. Revenue also surpassed predictions, reaching $1.76 billion compared to the anticipated $1.72 billion. These results reflect a positive performance for Autodesk, indicating strong financial health. The announcement has drawn attention from investors, showcasing the company’s ability to exceed market expectations. Analyst firms have taken note of these developments, with some suggesting potential impacts on future evaluations. Autodesk’s recent performance highlights its continued growth and resilience in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.