Autodesk (ADSK) has recently undergone analysis by 21 analysts, revealing a spectrum of viewpoints from bullish to bearish. The table provided shows a summary of their recent ratings, indicating a shifting sentiment over the past 30 days compared to the previous months. With 6 bullish, 9 somewhat bullish, 4 indifferent, 0 somewhat bearish, and 2 bearish ratings, analysts have expressed a range of opinions on the stock.
The 12-month price targets assessed by analysts also reveal further insights, with an average target of $280.48, a high estimate of $320.00, and a low estimate of $230.00. This average target has increased by 11.63% compared to the previous average price target of $251.25, indicating a positive shift in analysts’ expectations for Autodesk.
Breaking down the analyst ratings in detail, we see that several key analysts have taken action on Autodesk in response to changing market dynamics and company performance. Analysts from firms such as Argus Research, Goldman Sachs, Keybanc, Oppenheimer, Rosenblatt, RBC Capital, Mizuho, BMO Capital, Stifel, Barclays, and Citigroup have made adjustments to their ratings and price targets for Autodesk.
Analysts assign qualitative assessments to stocks, ranging from ‘Outperform’ to ‘Underperform’, to convey their expectations for the relative performance of Autodesk compared to the broader market. By analyzing these ratings alongside price targets and other financial indicators, investors can gain a better understanding of the market standing of Autodesk.
Founded in 1982, Autodesk is an application software company that serves various industries with its design and modeling software. With over 4 million paid subscribers across 180 countries, the company has established itself as a leader in its field.
Examining Autodesk’s financials reveals positive revenue trends, though the company’s net margin is below industry averages. Despite this, Autodesk’s return on equity and return on assets surpass industry standards, showcasing the company’s strong financial performance.
Overall, analyst ratings provide valuable insights into the market sentiment and expectations for a particular stock like Autodesk. By considering analyst ratings alongside other financial metrics, investors can make informed decisions about their investment strategies.
