Citigroup maintains Buy rating for Autodesk, raises PT to $393.

Citigroup maintains Buy rating for Autodesk, raises PT to $393.

Citigroup has maintained its "buy" rating for Autodesk Inc. (NASDAQ: ADSK) while raising its price target to $393, according to a recent update. This move comes ahead of Autodesk's fiscal second-quarter earnings report, scheduled for release after the market close on August 28, 2025. The investment firm's optimism is based on Autodesk's strong financial prospects, particularly its potential for free cash flow growth in the latter half of 2025 and beyond. Key factors cited by Citigroup include the company's robust gross margins and AI-driven products like the recently updated Flow Studio VFX tools.

Several other major investment firms have also expressed positive assessments of Autodesk's performance. Rosenblatt Securities, KeyBanc Capital Markets, and Piper Sandler have maintained their Overweight ratings and price targets on Autodesk. Rosenblatt's price target is $355, KeyBanc's is $350, and Piper Sandler's has been raised to $373 [1].

Autodesk's shares surged 12.43% in premarket trading following the release of its strong Q2 2026 earnings report. The company reported revenue growth of 17% to $1.76 billion and better-than-expected adjusted EPS of $2.62. Additionally, Autodesk raised its fiscal year 2026 revenue forecast to $7.025 billion to $7.075 billion and adjusted EPS guidance to $9.80 to $9.98 [3].

Despite the positive outlook, uncertainty around Autodesk's long-term margin and growth framework is keeping investors in a holding pattern until more details emerge at the company's analyst day later this year. Recent checks with channel partners indicated performance below expectations, suggesting a period of strategic adjustments and mixed market signals for Autodesk.

As Autodesk prepares to report its earnings, investors will be closely monitoring the company's financial results and guidance for further insights into its growth prospects. The recent developments highlight the ongoing investor interest and analyst evaluations of Autodesk's performance and future outlook.

References:
[1] https://www.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-autodesk-stock-ahead-of-earnings-93CH-4210873
[2] https://www.investing.com/news/analyst-ratings/piper-sandler-maintains-overweight-rating-on-autodesk-stock-ahead-of-earnings-93CH-4214866
[3] https://www.investing.com/news/analyst-ratings/ubs-reiterates-buy-rating-on-autodesk-stock-with-370-price-target-93CH-4208668