Throughout the last three months, 21 analysts have evaluated Autodesk ADSK, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 10 | 4 | 0 | 2 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 1 |
| 2M Ago | 3 | 7 | 3 | 0 | 1 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Autodesk, presenting an average target of $283.1, a high estimate of $320.00, and a low estimate of $230.00. Surpassing the previous average price target of $251.32, the current average has increased by 12.65%.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Autodesk by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $320.00 | - |
| Joseph Bonner | Argus Research | Raises | Buy | $300.00 | $265.00 |
| Kash Rangan | Goldman Sachs | Raises | Sell | $230.00 | $180.00 |
| Jason Celino | Keybanc | Raises | Overweight | $320.00 | $275.00 |
| Ken Wong | Oppenheimer | Raises | Outperform | $315.00 | $265.00 |
| Blair Abernethy | Rosenblatt | Raises | Buy | $290.00 | $265.00 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $260.00 | $234.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $320.00 | $290.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $270.00 | $220.00 |
| Kash Rangan | Goldman Sachs | Raises | Sell | $230.00 | $180.00 |
| Daniel Jester | BMO Capital | Raises | Market Perform | $293.00 | $232.00 |
| Adam Borg | Stifel | Raises | Buy | $316.00 | $265.00 |
| Saket Kalia | Barclays | Raises | Overweight | $310.00 | $300.00 |
| Tyler Radke | Citigroup | Raises | Buy | $307.00 | $276.00 |
| Jason Celino | Keybanc | Raises | Overweight | $275.00 | $265.00 |
| Ken Wong | Oppenheimer | Maintains | Outperform | $265.00 | $265.00 |
| Saket Kalia | Barclays | Raises | Overweight | $300.00 | $278.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $265.00 | - |
| Jason Celino | Keybanc | Raises | Overweight | $265.00 | $260.00 |
| Jason Celino | Keybanc | Raises | Overweight | $260.00 | $245.00 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $234.00 | $215.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Autodesk. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Autodesk compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Autodesk's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Autodesk analyst ratings.
Discovering Autodesk: A Closer Look
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Autodesk's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Autodesk showcased positive performance, achieving a revenue growth rate of 3.89% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Autodesk's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 19.2%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Autodesk's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 16.9%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Autodesk's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.95% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Autodesk's debt-to-equity ratio surpasses industry norms, standing at 1.42. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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