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Investing.com - William Blair reiterated an Outperform rating on Autodesk (NASDAQ:ADSK) following the company’s strong third-quarter results, which sent the stock up approximately 6% in after-hours trading. Currently trading at $294.43, the stock is approaching analysts’ consensus target price, with InvestingPro data showing a potential 26% upside based on analyst targets.
Autodesk reported 12% revenue growth in constant currency, excluding tailwinds from its new transaction model, while achieving an operating margin of roughly 40% when normalized for the same factors. Both metrics significantly exceeded Street expectations. InvestingPro data reveals the company maintains impressive 92.04% gross profit margins, supporting its strong profitability profile.
The company’s outperformance stemmed from stable market demand, favorable deal linearity, and stronger-than-expected upfront revenue during the quarter, according to William Blair.
Management raised its full-year outlook, increasing normalized revenue growth by 100 basis points and operating margin by 50 basis points at the midpoint, beyond the quarterly beat.
William Blair cited Autodesk’s diversified revenue base, sustained demand momentum, and focus on operational optimization as factors positioning the company to capitalize on digitization initiatives across its manufacturing, construction, and entertainment end-markets.
In other recent news, Autodesk reported its Q3 2025 earnings, surpassing expectations with earnings per share (EPS) of $2.67, compared to the forecasted $2.50. The company’s revenue also exceeded projections, reaching $1.85 billion against the anticipated $1.81 billion. These results indicate strong performance and have been well-received by investors. Additionally, there have been no recent reports of mergers or acquisitions involving Autodesk. Analyst opinions remain a focal point, with no recent upgrades or downgrades reported for the company. Autodesk’s recent financial results reflect its current market position, and analysts continue to monitor its performance closely. These developments highlight Autodesk’s ability to meet and exceed market expectations.
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