What is gold’s rally signaling about the global economy? Barclays weighs in.
Investing.com - Piper Sandler has reiterated an Overweight rating on Autodesk (NASDAQ:ADSK) with a price target of $373.00 following the company’s 2025 analyst day. The software giant, currently valued at $66.8 billion, is trading near its 52-week high, with InvestingPro data showing 24 analysts recently revising their earnings estimates upward.
The research firm noted that Autodesk’s increased focus on efficiency and profitability is not diminishing its growth ambitions, based on presentations and discussions with management during the event. This strategy appears to be working, with the company maintaining impressive gross profit margins of 92% and delivering revenue growth of nearly 14% over the last twelve months.
Piper Sandler highlighted Autodesk’s evolving monetization strategy via consumption models and its expanding involvement in large potential markets including Infrastructure, Water & Operations as evidence of the company’s continued ambitious approach.
The firm observed that Autodesk is maintaining its commitment to develop market-leading software offerings across Architecture, Engineering and Construction (AEC), Manufacturing and Media segments while targeting 41% EBIT margins by fiscal year 2029.
While Autodesk did not provide a new formal growth framework as Piper Sandler had anticipated, the firm believes the company’s commitment to sustainable growth alongside its FY29 margin targets aligns with current investor expectations and represents a prudent approach to various potential macroeconomic scenarios.
In other recent news, Autodesk has been the focus of several investment firms following its Investor Day presentations. KeyBanc Capital Markets maintained its Overweight rating on Autodesk, setting a price target of $365. The firm highlighted that Autodesk did not provide a specific revenue growth target but kept its long-term operating margin goals intact. Stifel also upheld its Buy rating with a $375 price target, noting the company’s growth opportunities in various segments, aiming at a market opportunity exceeding $100 billion. Mizuho reiterated an Outperform rating with a $375 target, citing Autodesk’s plans for operating margins to reach 41% by fiscal year 2029. RBC Capital maintained its Outperform rating with a $380 price target, ahead of Autodesk’s analyst event. Additionally, Piper Sandler reaffirmed its Overweight rating, setting a $373 price target, and noted the company’s significant changes in recent years, including a new transaction model. These ratings and targets reflect the investment community’s ongoing interest in Autodesk’s strategic directions and financial prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.