Michael Turrin, an analyst from Wells Fargo, maintained the Buy rating on Autodesk (ADSK – Research Report). The associated price target remains the same with $350.00.
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Michael Turrin has given his Buy rating due to a combination of factors that suggest Autodesk is poised for growth. The company is expected to benefit from transition tailwinds in FY26, which are likely to enhance growth and profitability metrics. Additionally, the new CFO is anticipated to emphasize the recurring nature of Autodesk’s business model, which should further drive profitability improvements.
Furthermore, Autodesk’s strategic shifts, such as changes in billing processing and the ongoing cloud migration, indicate potential for significant revenue growth and pricing power. The company’s position as a dominant player in the design software market is also a key factor, providing a multi-year runway for growth. These elements, combined with a reasonable valuation, underpin Turrin’s positive outlook and Buy rating for Autodesk’s stock.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $330.00 price target.