Multiple asset management companies have increased their holding in Autodesk, Inc. (NASDAQ:ADSK), while others have reduced its stakes. The software company has been performing well, reflected in its stock's solid performance over the past years. An investment of $1000 ten years ago would have yielded significant returns, and those who invested in Autodesk, five years ago, have seen an increase of 47%. Price Over Earnings overview hints that ADSK is currently undervalued. The company is leveraging AI technology to transform 3D design and drive growth. Recently ADSK announced the appointment of a new CFO and two new independent directors, which is likely to impact its operational effectiveness. The Q3 earnings were solid, outperforming the market returns, obtaining a higher Q3 revenue and profit, thereby slightly ahead of Wall Street estimates. Autodesk has also strengthened its Olympic Games partnership and identified Giant Spoon as its first creative agency. The progress suggests its potential as a valuable augmented reality and 3D printing stock, among the best metaverse stocks worth buying.
Autodesk ADSK News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:00:30 GMT - Rating 7 - Innovation 7 - Information 8 - Rumor 4
