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Investing.com - Mizuho has reiterated an Outperform rating on Autodesk (NASDAQ:ADSK) stock with a price target of $375.00 following the company’s fiscal year 2026 Investor Day in San Francisco. According to InvestingPro data, the stock is currently trading near its 52-week high, with 24 analysts recently revising their earnings expectations upward.
The investment firm noted that Autodesk management maintained its expectations for operating margins to reach 41% in fiscal year 2029 on a reported basis, consistent with guidance provided during the company’s third-quarter fiscal 2026 earnings call. The company already demonstrates strong operational efficiency with an impressive gross profit margin of 92%.
Autodesk’s presentation focused on its connected cloud and data platform that enables generative AI-based design capabilities, with the company positioning itself to monetize these AI design opportunities in the future.
Mizuho indicated that while management did not provide specific revenue growth targets, which "will likely disappoint some investors," executives expressed optimism about growth opportunities and profitability improvements.
The firm’s maintained $375 price target reflects confidence in Autodesk’s strategy to leverage its AI-powered design platform for future growth despite the lack of specific revenue guidance.
In other recent news, Autodesk has garnered attention from multiple analyst firms ahead of its upcoming investor and analyst day events. RBC Capital reiterated its Outperform rating with a $380 price target, while Piper Sandler maintained an Overweight rating with a $373 target. UBS also reaffirmed its Buy rating, setting a $385 price target as Autodesk unveils a new usage-based pricing model for its Platform Services APIs, effective at year-end. This move is part of Autodesk’s strategy to monetize AI-powered automations, according to UBS. KeyBanc echoed a positive outlook, maintaining an Overweight rating with a $365 target, despite noting mixed results in Autodesk’s construction and manufacturing segments due to inflation and labor shortages. Autodesk is also making strides in developing Vertical AI solutions, as highlighted at the recent Autodesk University event. The company has undergone significant changes, including completing its billings transition and implementing a new transaction model, as noted by Piper Sandler. These developments come as Autodesk prepares for its first investor day in approximately 2.5 years.
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