Autodesk (NASDAQ:ADSK) Stock, Quote.Headers.trade-ideas

Autodesk

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.

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Autodesk (NASDAQ: ADSK) reported second-quarter fiscal 2025 non-GAAP earnings of $2.15 per share, which beat the Zacks Consensus Estimate by 7.5% and improved 12.6% year over year.

Autodesk Q2 Earnings and Sales Surpass Estimates, Improve Y/Y

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Wall Street is seeing a relatively timid session, with the major indices displaying a slight negative performance. 

Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What&#39;s Driving Markets Friday?

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Marvell Technology Posts Upbeat Sales, Joins MongoDB, Intel, MINISO Group And Other Big Stocks Moving Higher On Friday

Autodesk Inc

Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) has outperformed the market over the past 20 years by 4.26% on an annualized basis producing an average annual return of 12.52%. Currently, Autodesk has a market capitalization of $55.34 billion. 
Buying $100 In ADSK: If an investor had bought $100 of ADSK stock 20 years ago, it would be worth $1,055.19 today based on a price of $256.78 for ADSK at the time of writing.
<h3>Autodesk's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726079460_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Autodesk Stock In The Last 20 Years

Autodesk's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NYSE">ADSK</a>) short percent of float has fallen 22.97% since its last report. The company recently reported that it has 2.45 million shares sold short, which is 1.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Autodesk Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725900310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Autodesk has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Autodesk's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Autodesk's peer group average for short interest as a percentage of float is 3.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(ADSK) - Analyzing Autodesk's Short Interest

Citigroup analyst Tyler Radke maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Buy and raises the price target from $316 to $325.

Price Target

Citigroup Maintains Buy on Autodesk, Raises Price Target to $325

Goldman Sachs analyst Kash Rangan upgrades Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) from Sell to Neutral and raises the price target from $225 to $295.

Upgrades

Goldman Sachs Upgrades Autodesk to Neutral, Raises Price Target to $295

HSBC analyst Stephen Bersey upgrades Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) from Hold to Buy and raises the price target from $242 to $299.

HSBC Upgrades Autodesk to Buy, Raises Price Target to $299

Autodesk (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adsk#NASDAQ">ADSK</a>) reported second-quarter fiscal 2025 non-GAAP earnings of $2.15 per share, which beat the Zacks Consensus Estimate by 7.5% and improved 12.6% year over year.
The company reported revenues of $1.5 billion, which beat the consensus mark by 1.54%. The figure grew 11.9% year over year. The company generated broad-based growth across products and regions in AEC and manufacturing, which was partly offset by softness in media and entertainment, primarily due to the lingering effects of the Hollywood strike.
<div class="chart_embed">
<h2>Autodesk, Inc. Price, Consensus and EPS Surprise</h2>
<img alt="Autodesk, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e0/1725018942.png" style="height:310px; width:620px" title="" />
Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. Quote
</div>
<h2>Top-Line Details of ADSK</h2>
Autodesk&#39;s subscription revenues (93.6% of total revenues) increased 10.9% year over year to $1.4 billion. Maintenance revenues (0.7% of total revenues) declined 21.4% from the year-ago quarter to $11 million. Other revenues (5.7% of total revenues) increased 41% to $86 million in the reported quarter.
Recurring revenues contributed 97% to Autodesk&#39;s second-quarter fiscal 2025 revenues. The net revenue retention rate was within the company&#39;s 100-110% targeted range, on a constant currency basis.
Region-wise, revenues from the Americas (44% of revenues) increased 12.4% from the year-ago quarter&#39;s levels to $662 million. Revenues from the EMEA, which accounted for 37.9% of revenues, climbed 12.6% to $570 million. Revenues from the Asia-Pacific (18.1% of revenues) increased 9.2% to $273 million.
Billings of $1.24 billion increased 13% year over year in the reported quarter.
<h2>Product Top-Line Details</h2>
Autodesk offers primarily four product families &mdash; Architecture, Engineering and Construction, AutoCAD and AutoCAD LT, Manufacturing and Media and Entertainment (M&amp;E).
AEC (47.4% of revenues) revenues increased 13.7% year over year to $713 million. AutoCAD and AutoCAD LT (25.8% of revenues) revenues rose 6.9% to $389 million. MFG (19.7% of revenues) revenues increased 15.6% to $296 million. M&amp;E (5.1% of revenues) revenues increased 4.1% to $77 million.
<h2>Operating Results</h2>
Autodesk reported a non-GAAP operating income of $560 million, up 14.5% year over year.
The non-GAAP operating margin was 37%, up 1 percentage point.
<h2>Balance Sheet &amp; Cash Flow</h2>
As of July 31, 2024, Autodesk had cash and cash equivalents (including marketable securities) of $1.87 billion compared with $1.99 billion as of April 30, 2024.
Deferred revenues decreased 13% to $3.69 billion. Unbilled deferred revenues were $2.17 billion, representing an increase of $1.18 billion compared with the year-ago quarter. Remaining performance obligations (RPO) increased 12% to $5.86 billion. Current RPO increased 11% to $3.9 billion.
Cash flow from operating activities was $212 million, representing an increase of $77 million compared with the year-ago quarter. Free cash flow was $203 million, reflecting an increase of $75 million compared with the second quarter of fiscal 2024.
<h2>Fiscal 2025 Guidance</h2>
Autodesk projects fiscal 2025 revenues between $6.08 billion and $6.13 billion, indicating approximately 11% growth. Billings are estimated in the $5.88-$5.98 billion band, suggesting an increase of 13-15% year over year.
Non-GAAP earnings per share are expected between $8.18 and $8.31. ADSK expects a non-GAAP operating margin between 35% and 36% year over year.
Free cash flow is anticipated in the $1.45-$1.5 billion band.
For the third quarter of fiscal 2025, Autodesk expects revenues between $1.555 billion and $1.57 billion. Non-GAAP earnings are anticipated in the range of $2.08-$2.14 per share.
<h2>Zacks Rank &amp; Key Picks</h2>
Autodesk carries a Zacks Rank #3 (Hold) at present. Shares of ADSK have returned 6.1% year to date.
Some better-ranked stocks from the broader Computer and Technology sector are Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>) and Audioeye (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
Arista Networks&#39; shares have rallied 46.8% in the year-to-date period. The long-term earnings growth rate for ANET is anticipated to be 17.2%.
Badger Meter&#39;s shares have gained 32.5% in the year-to-date period. The long-term earnings growth rate for BMI is projected at 17.91%.
Shares of Audioeye have surged 342.6% in the year-to-date period. The long-term earnings growth rate for AEYE is expected to be 25%.
<a href="https://www.zacks.com/stock/news/2329679/autodesk-q2-earnings-and-sales-surpass-estimates-improve-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329679">To read this article on Zacks.com click here.</a>

Rosenblatt analyst Blair Abernethy maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Buy and raises the price target from $290 to $295.

Rosenblatt Maintains Buy on Autodesk, Raises Price Target to $295

Wall Street is seeing a relatively timid session, with the major indices displaying a slight negative performance. 
While a timid rebound in semiconductor stocks is taking shape, aided by NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&#8217;s pause of the sell-off in the previous session, the Dow Jones edged lower after reaching record <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40633329/us-stocks-rally-dow-jones-achieves-record-highs-as-gdp-outperforms-nvidia-falls-whats-driv">highs the day before.</a>
The weak risk sentiment on Friday threatens to end the S&amp;P 500 and Nasdaq 100's streak of three consecutive weekly rallies
The AI darling rose by 1% by midday in New York, contributing to the positive momentum in chipmakers, buoyed by strong earnings from Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>).
On the data front, the Federal Reserve's preferred inflation gauge — the Personal Consumption Expenditure (PCE) Price Index — remained flat in July, breaking a three-month streak of declines.
While the index came in slightly below expectations of an increase, personal spending and income data accelerated more than anticipated, indicating that the positive momentum among U.S. consumers extended into the first month of the current quarter.
The dollar gained 0.3% on the back of the economic data, as traders trimmed expectations on a large 50-basis-point rate cut in September. The greenback&#8217;s strength pressured commodities: gold dropped 0.7%, while oil declined by 2.7%.
The sentiment in the cryptocurrency market remains negative, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) down 2.3%.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,367.31</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,588.51</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,177.11</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,192.94</td>
<td>-0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% lower to $557.38.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.4% to $412.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 0.1% to $470.97.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $217.58.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 0.1%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down by 0.7%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>Marvell Technology Inc. rose 9.1%; eer MongoDB Inc. soared 16%.</li>
<li>Other stocks reacting to company earnings included Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) up 1.7%, Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) up 3%, Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) down over 27%, Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) down about 0.7% and Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) down 4.3%).</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) soared by 7.7% after rumors indicating he company is considering options, including separating its product design and manufacturing divisions.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40655318/ethereum-co-founders-2-1m-ether-transfer-raises-eyebrows-why-is-vitalik-buterin-dumping"> • Ethereum Co-Founder&#8217;s $2.1M Ether Transfer Raises Eyebrows: Why Is Vitalik Buterin Dumping?</a>
Photo: Lucky Photographer via Shutterstock

Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What's Driving Markets Friday?

B of A Securities analyst Michael Funk maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Neutral and raises the price target from $260 to $285.

B of A Securities Maintains Neutral on Autodesk, Raises Price Target to $285

Berenberg analyst Nay Soe Naing maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Hold and raises the price target from $286 to $299.

Berenberg Maintains Hold on Autodesk, Raises Price Target to $299

Barclays analyst Saket Kalia maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Overweight and raises the price target from $275 to $310.

Barclays Maintains Overweight on Autodesk, Raises Price Target to $310

RBC Capital analyst Matthew Hedberg maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Outperform and raises the price target from $290 to $313.

RBC Capital Maintains Outperform on Autodesk, Raises Price Target to $313

BMO Capital analyst Daniel Jester maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Market Perform and raises the price target from $254 to $287.

BMO Capital Maintains Market Perform on Autodesk, Raises Price Target to $287

U.S. stocks were higher, with the Nasdaq Composite gaining around 150 points on Friday.
Shares of Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose during Friday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/08/40639373/marvell-technology-stock-climbs-on-q2-strong-q3-guidance">better-than-expected quarterly sales results.</a>
Marvell reported quarterly GAAP earnings of 30 cents per share, in-line with the analyst consensus estimate. Quarterly sales came in at $1.27 billion, which beat the analyst consensus estimate by 1.65%.
Marvell Technology shares gained 6.1% to $74.09 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) shares jumped 18.2% to $2.9552.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) gained 15.8% to $284.62 after the company reported better-than-expected second-quarter financial results and issued strong guidance on Thursday.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) jumped 15.3% to $5.56 after the company was awarded a $116.9 million NASA contract to deliver six science and technology payloads to the Moon.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 10.7% to $1.1850. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.</li>
<li>BridgeBio Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) gained 10.1% to $27.09 in reaction to Alnylam Pharmaceuticals&#8217; detailed data from HELIOS-B Phase 3 study of vutrisiran. BridgeBio Pharma has ATTR-CM therapy acoramidis, currently under FDA priority review with an action date of November 29.</li>
<li>Cool Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) rose 9.6% to $12.06. Cool Co recently reported better-than-expected quarterly sales.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 8.3% to $17.54.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) rose 7.9% to $1.9638.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) gained 7.9% to $15.36.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose 7.8% to $21.70 following a report suggesting the company is weighing options including splitting its product design and manufacturing businesses.</li>
<li>Banco Macro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>) gained 7.8% to $60.07. JP Morgan analyst Domingos Falavina upgraded Banco Macro from Underweight to Neutral and raised the price target from $14 to $78.</li>
<li>MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) gained 5.5% to $17.23 after the company reported fourth-quarter financial results and announced a share repurchase program of HK$2 billion.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) gained 4.6% to $24.41 following strong quarterly sales.</li>
<li>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) rose 4% to $268.33 as the company posted better-than-expected second-quarter EPS and revenues on Thursday.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) gained 4% to $282.45. HSBC analyst Stephen Bersey upgraded CrowdStrike from Hold to Buy and raised the price target from $302 to $339.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40651658/this-is-a-very-speculative-situation-jim-cramer-on-adma-biologics">&#8216;This Is A Very Speculative Situation,&#8217; Jim Cramer On ADMA Biologics</a></li>
</ul>

Stifel analyst Adam Borg maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Buy and raises the price target from $290 to $320.

Stifel Maintains Buy on Autodesk, Raises Price Target to $320

Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) posted better-than-expected second-quarter EPS and <a href="https://www.benzinga.com/news/earnings/24/08/40639874/autodesk-stock-jumps-5-on-q2-earnings-the-details">revenues on Thursday.</a>
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 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."
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.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61387715a3c6b90001ec2bda/clarke-jeffries">Piper Sandler analyst Clarke Jeffries </a>maintained Autodesk with a Neutral and raised the price target from $239 to $257.</li>
<li>Morgan Stanley analyst Keith Weiss maintained the stock with an Overweight and increased the price target from $305 to $320.</li>
<li>Mizuho analyst Matthew Broome maintained Autodesk with a Neutral and raised the price target from $230 to $260.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/609bc3c8f7862d0001875750/ken-wong">Oppenheimer analyst Ken Wong </a>maintained the stock with an Outperform and boosted the price target from $275 to $300.</li>
</ul>
Considering buying ADSK stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image is-resized"><img decoding="async" src="blob:https://editorial.benzinga.com/3f449aea-95e8-49a6-9d33-bdb24842a516" alt="" style="width:554px;height:auto" /></figure>

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

Oppenheimer analyst Ken Wong maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Outperform and raises the price target from $275 to $300.

Oppenheimer Maintains Outperform on Autodesk, Raises Price Target to $300

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Mizuho raised the price target for Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) from $230 to $260. Mizuho analyst Matthew Broome maintained a Neutral rating. Autodesk shares gained 1.4% to close at $258.23 on Thursday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) from $320 to $340. Morgan Stanley analyst Sanjit Singh maintained an Overweight rating. MongoDB shares gained 4.4% to close at $245.72 on Thursday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) price target from $18 to $21. B of A Securities analyst Alice Xiao maintained an Underperform rating. Victoria&#8217;s Secret shares fell 3.7% to close at $23.96 on Thursday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC boosted the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $302 to $339. HSBC analyst Stephen Bersey upgraded the stock from Hold to Buy. CrowdStrike shares gained 2.8% to close at $271.67 on Thursday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) price target from $25 to $21. TD Cowen analyst Oliver Chen downgraded the stock from Buy to Hold. Kohl&#8217;s shares gained 0.6% to close at $19.77 on Thursday. <a href="https://www.benzinga.com/quote/KSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) price target from $239 to $257. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Autodesk shares gained 1.4% to close at $258.23 on Thursday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed the price target for Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) from $135 to $95. Baird analyst Shrenik Kothari downgraded the stock from Outperform to Neutral. Elastic shares rose 0.6% to close at $103.64 on Thursday. <a href="https://www.benzinga.com/quote/ESTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) price target from $170 to $100. Morgan Stanley analyst Simeon Gutman downgraded the stock from Overweight to Equal-Weight. Dollar General shares fell 32.2% to close at $84.03 on Thursday. <a href="https://www.benzinga.com/quote/DG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham slashed Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) price target from $12 to $10. Needham analyst James Ricchiuti maintained a Buy rating. Stratasys shares fell 9.9% to close at $6.92 on Thursday. <a href="https://www.benzinga.com/quote/SSYS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) price target from $100 to $110. Loop Capital analyst Anthony Chukumba maintained a Buy rating. Best Buy shares gained 14.1% to close at $100.18 on Thursday. <a href="https://www.benzinga.com/quote/BBY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CRWD stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-1024x553.png" alt="" class="wp-image-522976" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-1024x553.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-768x415.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316.png 1338w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

SSYS

VSCO

CrowdStrike To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday

Mizuho analyst Matthew Broome maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Neutral and raises the price target from $230 to $260.

Mizuho Maintains Neutral on Autodesk, Raises Price Target to $260

Morgan Stanley analyst Keith Weiss maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Overweight and raises the price target from $305 to $320.

Morgan Stanley Maintains Overweight on Autodesk, Raises Price Target to $320

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