William Blair analyst Dylan Becker has maintained their bullish stance on ADSK stock, giving a Buy rating today.
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Dylan Becker has given his Buy rating due to a combination of factors tied to Autodesk’s operational execution and long‑term positioning. He views the announced global restructuring—particularly the targeted reduction in sales roles—as a deliberate, planned step in the company’s broader effort to streamline sales and marketing, rather than a reaction to macro weakness. Management’s preliminary outlook that fourth-quarter and full-year metrics such as billings, revenue, margins, EPS, and free cash flow should exceed prior guidance reinforces his confidence in the underlying strength and momentum of the business.
Becker also emphasizes that the cost savings from the restructuring are expected to be redeployed into Autodesk’s key strategic initiatives, supporting the ongoing transition of its transaction model and laying the groundwork for improving operating performance through and beyond fiscal 2029. He notes that the shares trade at roughly 20 times his calendar 2027 free-cash-flow estimate, which he views as reasonable relative to other technical software companies. Combined with Autodesk’s sizable, still underpenetrated market across several industries, its data-driven competitive advantages, and multiple remaining avenues for growth, these factors underpin his positive view and support his Buy recommendation.
In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $284.00 price target.