Rosenblatt raises Autodesk stock price target to $340

Published 28/02/2025, 14:58
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On Friday, Rosenblatt Securities increased its price target for Autodesk (NASDAQ:ADSK) shares to $340 from the previous target of $325, while maintaining a Buy rating on the stock. The adjustment follows Autodesk’s Q4 fiscal year 2025 earnings release, which slightly exceeded expectations. According to InvestingPro data, analysts’ targets for Autodesk range from $285 to $430, with the stock currently trading near $282. InvestingPro analysis suggests the stock may be slightly undervalued based on its proprietary Fair Value model.

Autodesk’s revenue growth for the quarter was reported at 12% year-over-year, matching the constant currency (CC) growth rate, and total billings surged by 23% compared to the previous year. The company achieved higher operating margins at 37% due to lower sales and marketing expenses, supported by an impressive gross profit margin of 92%. This contributed to a Non-GAAP EPS of $2.29, surpassing Rosenblatt’s estimate of $2.13 and the consensus of $2.14. InvestingPro subscribers can access 12 additional key insights about Autodesk’s financial performance and valuation metrics.

The firm’s reshaping of its go-to-market organization and its shift to a direct billing model were also highlighted. Autodesk’s strategic investments in its platform and artificial intelligence led to the announcement of a worldwide reduction in force (RIF) of 9%. Despite these changes, the macroeconomic environment remains stable.

Looking forward, Autodesk anticipates revenue growth for fiscal year 2026 to be in the range of 12%-14%, or 8-9% in constant currency after adjusting for the new transaction model. The company also expects improved operating margins. With an overall financial health score of "GOOD" from InvestingPro, and strong profitability metrics, Autodesk appears well-positioned for future growth. In response to the Q4 results and Autodesk’s future outlook, Rosenblatt has raised its estimates along with the stock’s price target.

In other recent news, Autodesk reported its fourth-quarter 2025 financial results, surpassing analyst expectations with an earnings per share of $2.29 compared to the forecast of $2.14. The company also exceeded revenue predictions, achieving $1.64 billion against the anticipated $1.63 billion. Autodesk’s revenue grew by 12% year-over-year, with notable performance in its construction and manufacturing segments. Looking forward, the company projects an 8-9% revenue growth for fiscal 2026 in constant currency, alongside a planned share repurchase of $1.1-$1.2 billion. In terms of strategic changes, Autodesk announced a 9% reduction in force and highlighted plans for higher operating margins and free cash flow by fiscal year 2026. Analyst Jason Celino from KeyBanc Capital Markets maintained an Overweight rating on Autodesk, raising the stock price target to $335, reflecting confidence in the company’s long-term margin potential. Despite positive signals, there is some investor concern due to the withdrawal of Autodesk’s previous revenue growth framework without new targets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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