Two National Guard members shot near White House
Investing.com - BMO Capital raised its price target on Autodesk (NASDAQ:ADSK) to $343.00 from $333.00 on Wednesday, while maintaining a Market Perform rating on the software company’s shares. Currently trading at $294.43 with a market cap of $62.64 billion, InvestingPro data suggests Autodesk is slightly undervalued compared to its Fair Value.
The price target adjustment follows Autodesk’s fiscal third-quarter results, which BMO described as "a good set of results" that demonstrated sequential improvement in underlying growth.
BMO Capital highlighted Autodesk’s "impressive" fourth-quarter revenue guidance, noting that the company achieved this despite what it characterized as a "choppy selling environment." InvestingPro data shows Autodesk maintains impressive gross profit margins of 92.04%, though it trades at a high P/E ratio of 61.7.
The research firm pointed to continued momentum in Autodesk’s Construction Cloud offerings as a particular bright spot in the quarterly performance.
BMO also noted that Autodesk continues to make "gradual progress" on its broader strategic vision of unlocking data and workflow silos across architecture, engineering, construction, operations (AECO) and manufacturing industries. With annual revenue of $6.6 billion and 13.8% growth, analysts maintain a Buy consensus on this prominent software industry player. Discover comprehensive analysis in Autodesk’s Pro Research Report, available with InvestingPro.
In other recent news, Autodesk reported impressive third-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $2.67, which was higher than the forecasted $2.50. Additionally, Autodesk’s revenue reached $1.85 billion, exceeding the anticipated $1.81 billion. This strong financial performance was highlighted by a 12% revenue growth in constant currency, excluding the effects of its new transaction model. The company also achieved an operating margin of approximately 40% when adjusted for similar factors. William Blair responded to these results by reiterating an Outperform rating on Autodesk stock. These developments reflect recent positive trends for the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.