Autodesk Earnings Forecast: Analyst Raises Price Target to $345

Analyst Joe Vruwink of Baird has maintained an "Outperform" rating on Autodesk (ADSK) while raising the price target to $345.00 from $335.00. This reflects a 2.99% increase in the price target. The average target price for ADSK is $341.90 with a high estimate of $430.00 and a low estimate of $270.97. The average target implies an upside of 19.53% from the current price.

Autodesk (ADSK), a leading application software company serving architecture, engineering, construction, product design, manufacturing, and media and entertainment sectors, has been the subject of varied analyst opinions. The latest quarter saw a mix of bullish and bearish ratings, reflecting a nuanced outlook on the company's performance.

According to a recent analysis by Benzinga [1], eight analysts provided ratings for Autodesk, with a total of 3 bullish, 3 somewhat bullish, 2 indifferent, and 0 bearish ratings over the past 30 days. The ratings indicate a slight shift towards optimism, with 2 analysts raising their ratings and 1 lowering it. The average price target for Autodesk is $341.90, with a high estimate of $430.00 and a low estimate of $270.97.

One notable update comes from analyst Joe Vruwink of Baird, who maintained an "Outperform" rating on Autodesk while raising the price target to $345.00 from $335.00. This represents a 2.99% increase in the price target, reflecting the analyst's optimism about the company's prospects. The average target price implies an upside of 19.53% from the current price.

Despite the bullish sentiment, Autodesk faces challenges. A report by AInvest [2] highlights mixed analyst ratings and a 1.59% price decline, signaling cautious market sentiment. The report also notes that the company's technical signals are mixed, with indicators suggesting volatility. Additionally, the company's financial health is reflected in its ROA of 2.83% and a net margin of 9.31%, which is below industry standards.

In conclusion, while analyst ratings and price targets for Autodesk are mixed, there is a slight upward trend. Investors should monitor the upcoming earnings report scheduled for August 28, as it could significantly impact the stock price. The recent mixed signals from analysts and technical indicators suggest that Autodesk remains a cautious play, with a wait-and-see approach recommended for investors.

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/08/47268346/what-analysts-are-saying-about-autodesk-stock
[2] https://www.ainvest.com/news/stock-analysis-autodesk-outlook-technical-neutrality-mixed-analyst-signals-2508/