Autodesk stock price target raised to $380 from $360 at Macquarie

Investing.com - Macquarie raised its price target on Autodesk (NASDAQ:ADSK) to $380.00 from $360.00 on Friday, while maintaining an Outperform rating on the stock. The software giant, currently trading near its 52-week high at $309.67, maintains impressive gross profit margins of 92% according to InvestingPro data.

The price target increase follows Autodesk’s strong second-quarter performance, which Macquarie noted was driven by the same factors that have been prominent in recent quarters.

Autodesk has raised its fiscal year 2026 revenue growth guidance to 9-10%, up one percentage point from its previous forecast, reflecting the second-quarter outperformance flowing through to full-year results.

Macquarie expects constructive updates on Autodesk’s artificial intelligence roadmap and proprietary 3D foundational models at the upcoming Autodesk University event on September 16.

The firm’s new price target was derived by averaging multiple valuation methods, including enterprise value to revenue, enterprise value to free cash flow, and discounted cash flow analysis.

In other recent news, Autodesk has reported strong earnings and revenue results for the fiscal second quarter, leading several analyst firms to adjust their price targets upwards. UBS raised its price target on Autodesk to $385, highlighting the company’s impressive revenue and billings performance, which showed consistent growth. Oppenheimer also increased its price target to $375, noting Autodesk’s steady 11% "core" revenue growth despite macroeconomic challenges. RBC Capital adjusted its target to $380, citing the company’s strong results and improved guidance for fiscal year 2026, which boosted confidence in its free cash flow outlook.

Stifel followed suit by raising its target to $375, praising Autodesk’s performance as exceeding expectations across all key metrics and noting the company’s increased fiscal year guidance. Meanwhile, BMO Capital maintained its Market Perform rating and a $333 price target, describing the quarter as "good" with stable growth and strong cash generation. These recent developments reflect a positive sentiment among analysts regarding Autodesk’s financial health and future prospects.

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