Autodesk: DA Davidson Maintains Buy Rating, Raises PT to $375.

Autodesk: DA Davidson Maintains Buy Rating, Raises PT to $375.

Wall Street securities analysts continued to revise their ratings and price targets on several U.S.-listed companies, with notable changes for Autodesk Inc. (ADSK). On Friday, DA Davidson maintained its "Buy" rating on the company while raising its price target to $375, reflecting optimism surrounding Autodesk's strategic initiatives and earnings expectations.

The upgrade from DA Davidson comes on the heels of Autodesk's recent integration with GoFormz, which is anticipated to enhance the company's construction data workflows. The integration is expected to position Autodesk to capitalize on the growing construction sector, projected to grow at a CAGR of 12.2% through 2034 [2]. Additionally, the stock's recent performance has been bolstered by institutional confidence, with RBC Capital and DA Davidson both upgrading the stock to 'Outperform' [2].

Autodesk's stock has seen significant gains, trading near its 52-week high and reflecting a confluence of strategic product news, institutional confidence, and earnings optimism. The company's Q2 fiscal 2026 results, released on August 29, demonstrated robust growth across key metrics, including a 17% year-over-year (YoY) increase in revenue and a 36% surge in billings [3]. The company's GAAP operating margin increased by 2 percentage points to 25%, and non-GAAP operating margin rose by 1 percentage point to 39%. Earnings per share (EPS) also improved, with GAAP EPS increasing by $0.16 to $1.46, and non-GAAP EPS climbing by $0.47 to $2.62.

DA Davidson's price target of $375 indicates a bullish outlook on the company's future performance. The upgrade highlights the analyst's confidence in Autodesk's ability to deliver strong earnings and continue its growth trajectory. Investors should closely monitor the company's upcoming earnings report and any further strategic developments to gauge the potential for further stock appreciation.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UL0K0:0-autodesk-burlington-stores-ulta-beauty/
[2] https://www.ainvest.com/news/autodesk-adsk-surges-2-77-goformz-integration-earnings-hype-start-bullish-run-2508/
[3] https://www.ainvest.com/news/autodesk-reports-q2-fy26-results-92-9-design-software-programs-5-2-visualization-software-1-9-sales-2508/