KeyBanc reiterates Overweight rating on Autodesk stock ahead of earnings

Published 26/08/2025, 13:26
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Investing.com - KeyBanc Capital Markets maintained its Overweight rating and $350.00 price target on Autodesk (NASDAQ:ADSK), a $61 billion software giant with impressive 92% gross margins, ahead of the company’s fiscal second-quarter earnings report. According to InvestingPro data, analysts’ price targets range from $271 to $430.

The software company is scheduled to release its quarterly results after market close on Thursday, August 28, 2025.

KeyBanc’s analysis suggests a "more balanced view" heading into the earnings announcement, with channel checks indicating no significant signs of macroeconomic slowdown.

The firm reports that most of Autodesk’s distribution channels finished the quarter "largely in line with expectations," potentially setting up for an in-line quarterly performance and a modest increase to the company’s fiscal year 2026 revenue and free cash flow outlook.

KeyBanc notes that uncertainty around Autodesk’s long-term margin and growth framework is keeping investors "in a holding pattern" until more details emerge at the company’s analyst day later this year.

In other recent news, Autodesk announced a significant update to its Flow Studio VFX tools, introducing a free tier to make its professional-grade AI-powered visual effects and animation tools more accessible. This move comes a year after Autodesk’s acquisition of Wonder Dynamics, the original creator of the technology. In terms of financial outlook, UBS has reiterated its Buy rating on Autodesk, maintaining a $370 price target, despite mixed feedback on the company’s demand environment. While some partners noted a slowdown in deal activity, others reported stable IT spending growth expectations.

Piper Sandler also maintained an Overweight rating with a $361 price target, focusing on potential free cash flow growth in fiscal year 2027 and beyond. The firm suggests that the latter half of the calendar year 2025 could provide an opportunity for Autodesk’s profitability narrative to develop further. Stifel has kept its Buy rating and set a $350 price target ahead of Autodesk’s fiscal second-quarter earnings report, although recent checks with channel partners indicated performance below expectations. These developments highlight a period of strategic adjustments and mixed market signals for Autodesk.

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