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© 2026 Benzinga | All Rights Reserved
August 30, 2024 9:13 AM 2 min read

Autodesk Analysts Increase Their Forecasts After Better-Than-Expected Earnings

by Avi Kapoor Benzinga Staff Writer
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ADSK Logo
ADSKAutodesk Inc
$250.13-2.13%
Overview

Autodesk, Inc. (NASDAQ:ADSK) posted better-than-expected second-quarter EPS and revenues on Thursday.

Autodesk reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $1.50 billion which beat the analyst consensus estimate of $1.48 billion.

Autodesk expects third-quarter revenue of $1.555 billion to $1.57 billion versus estimates of $1.54 billion, according to Benzinga Pro. The company sees third-quarter earnings in the range of $2.08 to $2.14 per share versus estimates of $2.12 per share.

Autodesk anticipates full-year revenue of $6.08 billion to $6.13 billion versus estimates of $6.05 billion. The company sees full-year earnings of $8.18 to $8.31 per share versus estimates of $8.12 per share.

Autodesk shares gained 1.4% to close at $258.23 on Thursday.

These analysts made changes to their price targets on Autodesk following earnings announcement.

Considering buying ADSK stock? Here’s what analysts think:

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Posted In:
EarningsNewsPrice TargetAnalyst RatingsTrading IdeasPT Changes

"Autodesk continues to generate strong and sustained momentum both in absolute terms and relative to peers," said Andrew Anagnost, president and CEO of Autodesk. "Our success is fueled by our ability to capitalize on the attractive long-term-growth trends we're seeing, including increases in global reconstruction and infrastructure. This is supported by our focused strategy to deliver more valuable and connected solutions for our customers, and by the proven durability of our business."

  • Piper Sandler analyst Clarke Jeffries maintained Autodesk with a Neutral and raised the price target from $239 to $257.
  • Morgan Stanley analyst Keith Weiss maintained the stock with an Overweight and increased the price target from $305 to $320.
  • Mizuho analyst Matthew Broome maintained Autodesk with a Neutral and raised the price target from $230 to $260.
  • Oppenheimer analyst Ken Wong maintained the stock with an Outperform and boosted the price target from $275 to $300.
ADSK Logo
ADSKAutodesk Inc
$250.13-2.13%
Overview
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