Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - BMO Capital has reiterated its Market Perform rating for Autodesk (NASDAQ:ADSK) with a price target of $333.00. According to InvestingPro data, analyst targets range from $300 to $430, with 24 analysts recently revising their earnings estimates upward for the upcoming period.
The firm’s decision follows discussions with Autodesk management that provided insights into the company’s strategic direction after what BMO describes as "a decade of transformation."
BMO Capital noted that improved clarity on Autodesk’s financial model is likely to emerge in fiscal year 2027 and beyond, while past investments in re-engineering were positioned as "ready to harvest."
The research firm indicated that much of their focus during management discussions centered on drivers of durable growth in construction, infrastructure, and manufacturing sectors, as well as updates on Autodesk’s artificial intelligence product ambitions.
While BMO Capital found Autodesk’s AI monetization strategies "intriguing," the firm cautioned that the financial impact of these initiatives "may take time to build."
In other recent news, Autodesk has seen a series of analyst ratings reaffirmed following its various investor and analyst day events. Piper Sandler maintained its Overweight rating on Autodesk with a price target of $373, highlighting the company’s focus on efficiency and profitability without compromising growth ambitions. KeyBanc also reiterated its Overweight rating and set a price target of $365, noting Autodesk’s commitment to its long-term operating margin target, though specific revenue growth targets were not disclosed. Stifel kept its Buy rating with a $375 price target, emphasizing Autodesk’s growth opportunities in its AECO, D&M, and M&E segments, with a market opportunity projected to exceed $100 billion. Mizuho maintained its Outperform rating and a $375 price target, observing that Autodesk expects to achieve a 41% operating margin by fiscal year 2029. Additionally, RBC Capital reiterated an Outperform rating with a $380 price target ahead of Autodesk’s analyst day, which will be held both virtually and in person. These developments reflect a consistent confidence among analysts in Autodesk’s strategic direction and growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.