DA Davidson Raises FY2025 Earnings Forecast for Autodesk

DA Davidson analysts have updated their earnings estimates for Autodesk, Inc. (NASDAQ:ADSK), expecting an increase in earnings per share (EPS) for the fiscal year 2025. In a report published on November 27th, DA Davidson's analyst W. Jellison revised the EPS estimate for Autodesk to $5.78, slightly higher than the previous estimate of $5.76.

Currently, DA Davidson maintains a "Neutral" rating on Autodesk's stock, with a price target set at $260.00. This outlook contrasts with the broader consensus, which indicates that Autodesk's current EPS for the full year is estimated at $5.73. Furthermore, DA Davidson's projections for Autodesk include $1.47 EPS for the fourth quarter of 2025 and an anticipated $6.62 EPS for fiscal year 2026.

Latest Earnings Release

On November 26th, Autodesk announced its quarterly earnings, reporting an EPS of $2.17. This figure exceeded the consensus estimate of $2.12 by $0.05. The company's return on equity was reported at 59.41%, with a net margin of 18.21%. Autodesk generated $1.57 billion in revenue during the quarter, outperforming the consensus estimate of $1.56 billion. Compared to the same quarter last year, this revenue marked an 11.0% increase.

Analyst Ratings and Price Targets

In addition to DA Davidson, various other analysts have recently provided updates on Autodesk's stock. For instance, Goldman Sachs upgraded its rating from "sell" to "neutral" while raising its price target from $225.00 to $295.00 as of September 3rd. Oppenheimer, on November 22nd, raised their price target from $300.00 to $350.00, assigning an "outperform" rating. Similarly, BMO Capital Markets increased their target price from $287.00 to $308.00, maintaining a "market perform" rating. Wells Fargo also raised their price target from $340.00 to $350.00, assigning an "overweight" rating. Furthermore, Royal Bank of Canada lifted their target price from $290.00 to $313.00, keeping an "outperform" rating. Overall, eight analysts rate Autodesk's stock as holding, while thirteen suggest buying, and one gives it a strong buy rating. MarketBeat data indicates a consensus rating of "Moderate Buy" for Autodesk, with an average price target of $315.38.

Autodesk Stock Performance Overview

As of recently, Autodesk's stock opened at $290.64. Its 50-day moving average is $289.02, while the 200-day moving average stands at $256.83. Over the past year, the stock reached a low of $195.32 and a high of $326.62. The company's market capitalization is approximately $62.49 billion, with a price-to-earnings (P/E) ratio of 59.44 and a P/E to growth (P/E/G) ratio of 4.08.

Investor Activity

In recent months, various institutional investors have changed their stakes in Autodesk. For example, Jag Capital Management LLC acquired a new position valued at $13,861,000 during the third quarter. Cetera Investment Advisers raised its stake by 163.4%, owning 61,574 shares valued at $16,035,000 after adding 38,196 shares last quarter. Other firms, like Forsta AP Fonden and Bank of Montreal Can, have also increased their holdings in Autodesk. Currently, institutional investors own about 90.24% of the company's stock.

Insider Trading Activity

In related news, insider trading has occurred within Autodesk, with Director Mary T. Mcdowell selling 550 shares on September 16th at an average price of $265.50, totaling $146,025. Following this sale, Mcdowell holds 31,349 shares valued at approximately $8,323,159.50, representing a 1.72% decrease in their ownership. Additionally, COO Steven M. Blum sold 17,344 shares at an average price of $270.00, amounting to $4,682,880. Following this, Blum's ownership is down to 17,099 shares, valued at around $4,616,730. In total, insiders sold 19,280 shares worth about $5,232,213 in the past ninety days. Corporate insiders hold roughly 0.14% of the company’s stock.

About Autodesk

Autodesk, Inc. is a global provider of 3D design, engineering, and entertainment technology solutions. The company's well-known products include AutoCAD, which is a versatile software for professional design and drafting, and Fusion 360, a comprehensive tool for CAD and CAM. Autodesk also provides solutions tailored for specific industries, including architecture, engineering, construction, and manufacturing.

Earnings, Forecast, Stock