financetom
Technology
financetom
/
Technology
/
Key Takeaways From Autodesk Analyst Ratings
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Key Takeaways From Autodesk Analyst Ratings
Apr 1, 2024 8:38 AM

Throughout the last three months, 21 analysts have evaluated Autodesk ( ADSK ) , offering a diverse set of opinions from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 10 4 0 2
Last 30D 0 1 0 0 0
1M Ago 1 0 0 0 1
2M Ago 3 7 3 0 1
3M Ago 1 2 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for Autodesk ( ADSK ), presenting an average target of $283.1, a high estimate of $320.00, and a low estimate of $230.00. Surpassing the previous average price target of $251.32, the current average has increased by 12.65%.

Analyzing Analyst Ratings: A Detailed Breakdown

The analysis of recent analyst actions sheds light on the perception of Autodesk ( ADSK ) by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Matthew Hedberg RBC Capital Maintains Outperform $320.00 -
Joseph Bonner Argus Research Raises Buy $300.00 $265.00
Kash Rangan Goldman Sachs Raises Sell $230.00 $180.00
Jason Celino Keybanc Raises Overweight $320.00 $275.00
Ken Wong Oppenheimer Raises Outperform $315.00 $265.00
Blair Abernethy Rosenblatt Raises Buy $290.00 $265.00
Clarke Jeffries Piper Sandler Raises Neutral $260.00 $234.00
Matthew Hedberg RBC Capital Raises Outperform $320.00 $290.00
Matthew Broome Mizuho Raises Neutral $270.00 $220.00
Kash Rangan Goldman Sachs Raises Sell $230.00 $180.00
Daniel Jester BMO Capital Raises Market Perform $293.00 $232.00
Adam Borg Stifel Raises Buy $316.00 $265.00
Saket Kalia Barclays Raises Overweight $310.00 $300.00
Tyler Radke Citigroup Raises Buy $307.00 $276.00
Jason Celino Keybanc Raises Overweight $275.00 $265.00
Ken Wong Oppenheimer Maintains Outperform $265.00 $265.00
Saket Kalia Barclays Raises Overweight $300.00 $278.00
Blair Abernethy Rosenblatt Maintains Buy $265.00 -
Jason Celino Keybanc Raises Overweight $265.00 $260.00
Jason Celino Keybanc Raises Overweight $260.00 $245.00
Clarke Jeffries Piper Sandler Raises Neutral $234.00 $215.00

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Autodesk ( ADSK ). This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Autodesk ( ADSK ) compared to the broader market.

Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Autodesk's ( ADSK ) market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Autodesk ( ADSK ) analyst ratings.

Discovering Autodesk ( ADSK ): A Closer Look

Founded in 1982, Autodesk ( ADSK ) is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk ( ADSK ) software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

Autodesk's Financial Performance

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Over the 3 months period, Autodesk ( ADSK ) showcased positive performance, achieving a revenue growth rate of 3.89% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.

Net Margin: Autodesk's ( ADSK ) net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 19.2%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Autodesk's ( ADSK ) financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 16.9%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Autodesk's ( ADSK ) ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.95% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Autodesk's ( ADSK ) debt-to-equity ratio surpasses industry norms, standing at 1.42. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Basics of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Behind the plot to break Nvidia's grip on AI by targeting software
Exclusive-Behind the plot to break Nvidia's grip on AI by targeting software
Mar 25, 2024
SAN FRANCISCO (Reuters) - Nvidia ( NVDA ) earned its $2.2 trillion market cap by producing artificial-intelligence chips that have become the lifeblood powering the new era of generative AI developers from startups to Microsoft ( MSFT ), OpenAI and Google parent Alphabet. Almost as important to its hardware is the company's nearly 20 years' worth of computer code, which...
TIM small investor group to file slate of candidates for board renewal
TIM small investor group to file slate of candidates for board renewal
Mar 25, 2024
MILAN, March 25 (Reuters) - Telecom Italia's (TIM) association of small investors, Asati, said on Monday it would file a slate of candidates for the renewal of the board of directors of the former phone monopoly. The group represents thousands of small Telecom Italia's investors with a combined stake of around 1%. ASATI supports the general outline of TIM's business...
Xiaomi car app launched on Apple's App Store in China
Xiaomi car app launched on Apple's App Store in China
Mar 24, 2024
BEIJING, March 25 (Reuters) - An app of Xiaomi's ( XIACF ) car has been launched on Apple's ( AAPL ) App Store in China- Reuters checks showed on Monday. The Chinese smartphone maker's first electric vehicle SU7 will be officially unveiled at 7 p.m. (1100 GMT) on Thursday, Xiaomi ( XIACF ) founder Lei Jun said on Weibo earlier...
Chips Are Driving The EV Revolution — But They're Also Fueling A Ferrari Sales Boom In This Tiny Asian Powerhouse
Chips Are Driving The EV Revolution — But They're Also Fueling A Ferrari Sales Boom In This Tiny Asian Powerhouse
Mar 25, 2024
Ferrari N.V. saw a remarkable surge in sales in Taiwan, outpacing China and Hong Kong, thanks to the flourishing wealth of the country’s chip entrepreneurs and the diversification of global supply chains. What Happened: Ferrari’s sales in Taiwan have doubled over the past four years, largely due to the increasing wealth of the country’s chip industry leaders and the shift...
Copyright 2023-2025 - www.financetom.com All Rights Reserved