Autodesk (ADSK) future growth is being backed by
AI and Cloud Investments, as it continues leveraging
AI to transform 3D design, leading to positive sentiment among analysts. Though there have been frequent changes in shareholding with both purchases and sales of shares,
Ieq Capital LLC and
DSM Capital Partners are among those reducing their stakes. Despite a class action suit, stake increase is seen by companies like
Venturi Wealth Management and
Kentucky Retirement Systems Insurance Trust Fund.
Baird and
Bank of America have raised the price targets to $345 and $335 respectively. However, insider selling at Autodesk signals possible caution in the market. The debt is predicted to be manageable and the company witnessed significant drop in short interest. The company ended its Q3 with
revenue up by 11%, a strong show in Q2 pushed Autodesk's stock up by 6%.
Earnings for Q4 2025 are awaited. In terms of long-term value, Autodesk has shown strong financial performance in the last 5-20 years.
Change in CFO and the extension of invitation for financial results call stand as recent updates. Despite the ongoing positive sentiments, some voices recommend caution due to current valuation.
Autodesk ADSK News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 10:52:44 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -4
