Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - KeyBanc Capital Markets has reiterated its Overweight rating and $365.00 price target on Autodesk (NASDAQ:ADSK) following the company’s virtual investor day presentations and in-person Q&A session with management.
The firm noted that Autodesk maintained its long-term operating margin target during the event but did not provide a specific revenue growth target, which aligned with KeyBanc’s preview expectations. The company’s impressive 92% gross profit margin and 13.8% revenue growth over the last twelve months demonstrate strong operational execution.
Artificial intelligence emerged as a frequently discussed topic during the presentations, with KeyBanc acknowledging Autodesk’s broader monetization strategy for AI capabilities, while emphasizing that opportunities in this area remain in early stages. According to InvestingPro, 24 analysts have recently revised their earnings estimates upward, suggesting growing confidence in the company’s strategic initiatives.
KeyBanc expressed continued optimism about Autodesk’s focus on margins and its potential in the construction and infrastructure sectors, which form the basis of their positive outlook.
The firm maintains its thesis that Autodesk could experience potential multiple expansion over the long term, supporting its decision to keep the Overweight rating unchanged.
In other recent news, Autodesk has been the focus of several investment firms, each highlighting various aspects of the company’s growth and strategic direction. Stifel maintained a Buy rating for Autodesk, setting a price target of $375.00, following an Investor Day presentation that highlighted growth opportunities across multiple segments. Similarly, Mizuho reiterated its Outperform rating, also with a $375.00 price target, citing expectations for operating margins to reach 41% by fiscal year 2029. RBC Capital continues to support Autodesk with an Outperform rating and a slightly higher price target of $380.00, ahead of an upcoming analyst event. Piper Sandler also reaffirmed its Overweight rating with a price target of $373.00, noting Autodesk’s advancements in Vertical AI solutions. These ratings and targets reflect the confidence analysts have in Autodesk’s strategic initiatives and market potential.
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