Autodesk (ADSK) Stock Forecast & Price Target

$321.27 +5.86 (+1.86%)

(As of 11/22/2024 ET)

Autodesk - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
0

Hold
8

Buy
13

Based on 21 Wall Street analysts who have issued ratings for Autodesk in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 8 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for ADSK.

Consensus Price Target

$309.43
-3.69% Downside

According to the 21 analysts' twelve-month price targets for Autodesk, the average price target is $309.43. The highest price target for ADSK is $375.00, while the lowest price target for ADSK is $240.00. The average price target represents a forecasted downside of -3.69% from the current price of $321.27.

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ADSK Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)	13 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$309.43	$292.95	$267.00	$231.35
Forecasted Upside	-3.69% Downside	2.51% Upside	4.60% Upside	13.73% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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ADSK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ADSK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Autodesk Stock vs. The Competition

Type	Autodesk	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.67	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.69% Downside	543.31% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ADSK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$325.00 ➝ $358.00	+12.06%
11/22/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$300.00 ➝ $350.00	+10.76%
11/22/2024	Wells Fargo & Company 3 of 5 stars	P. Winslow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$340.00 ➝ $350.00	+10.58%
11/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$320.00 ➝ $375.00	+18.96%
11/20/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$325.00 ➝ $330.00	+7.97%
11/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$360.00	+19.19%
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11/18/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$305.00 ➝ $330.00	+10.31%
11/15/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$320.00 ➝ $340.00	+13.83%
11/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$310.00 ➝ $355.00	+17.12%
10/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matthew Broome Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$260.00	-11.26%
9/27/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Jellison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$260.00	-4.89%
9/3/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Rangan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$225.00 ➝ $295.00	+14.16%
9/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$242.00 ➝ $299.00	+15.71%
8/30/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$290.00 ➝ $295.00	+13.65%
8/30/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$286.00 ➝ $299.00	+13.91%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$260.00 ➝ $285.00	+8.58%
8/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$290.00 ➝ $313.00	+17.55%
8/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$254.00 ➝ $287.00	+11.14%
8/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$239.00 ➝ $257.00	-0.48%
3/1/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$234.00 ➝ $260.00	+0.71%
12/11/2023	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$235.00 ➝ $240.00	+6.15%
8/24/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$225.00 ➝ $230.00	+12.55%
5/8/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
4/17/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
3/1/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$290.00 ➝ $265.00	+33.37%
2/27/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$203.00 ➝ $175.00	-11.02%
2/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$325.00 ➝ $250.00	+29.85%
11/24/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$177.00	-10.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:27 AM ET.

Should I Buy Autodesk Stock? ADSK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Autodesk pros and cons to contact@marketbeat.com.

Autodesk
Bull Case

Here are some ways that investors could benefit from investing in Autodesk, Inc.:

Autodesk, Inc. has shown consistent revenue growth, with a 11.9% increase on a year-over-year basis in the latest quarterly report. This indicates a healthy financial performance and potential for further growth.
Analysts have given Autodesk, Inc. positive ratings, with a consensus target price of $290.47, suggesting confidence in the company's future performance and stock value.
Recent insider trading activities show that corporate insiders have been selling shares of Autodesk, Inc., which could indicate that they believe the stock is currently overvalued. This can be a signal for investors to consider their positions.
Autodesk, Inc. has received multiple analyst upgrades, with price targets being raised and ratings upgraded to "buy" or "strong buy." This positive sentiment from analysts can attract more investors to the stock.
The company's stock price has been relatively stable, with a slight decrease of 0.3% recently. This stability can be appealing to investors looking for a consistent performance.

Autodesk
Bear Case

Investors should be bearish about investing in Autodesk, Inc. for these reasons:

Despite positive analyst ratings, there is a risk that the stock may be overvalued, especially considering recent insider selling activities. Investors should be cautious and conduct thorough research before making investment decisions.
The company's stock price has experienced a slight decline recently, which could indicate underlying issues or market concerns affecting the stock's performance.
Autodesk, Inc. operates in a competitive industry with rapidly evolving technology, which may pose challenges for maintaining market share and profitability in the long term.
With a price-to-earnings ratio of 57.95 and a PEG ratio of 3.29, Autodesk, Inc. may be considered relatively expensive compared to industry peers. Investors seeking value stocks may find the current valuation unattractive.
While the company has shown revenue growth, the high beta of 1.48 indicates that Autodesk, Inc. is more volatile compared to the overall market, potentially leading to higher risk for investors.

ADSK Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Autodesk is $309.43, with a high forecast of $375.00 and a low forecast of $240.00.
: 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 8 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADSK shares.
: According to analysts, Autodesk's stock has a predicted downside of -3.69% based on their 12-month stock forecasts.
: Over the previous 90 days, Autodesk's stock had 3 upgrades by analysts.
: Autodesk has been rated by research analysts at Bank of America, Barclays, Berenberg Bank, BMO Capital Markets, Citigroup, DA Davidson, Hsbc Global Res, HSBC, KeyCorp, Mizuho, Morgan Stanley, Oppenheimer, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Autodesk less than other "computer and technology" companies. The consensus rating score for Autodesk is 2.67 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how ADSK compares to other companies.

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This page (NASDAQ:ADSK) was last updated on 11/23/2024 by MarketBeat.com Staff

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Autodesk (ADSK) Stock Forecast & Price Target