In a report released today, Taylor McGinnis from UBS reiterated a Buy rating on Autodesk, with a price target of $400.00.
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Taylor McGinnis has given his Buy rating due to a combination of factors including Autodesk’s consistent performance and promising growth prospects. The company’s ability to deliver a 12% growth in adjusted revenues for the third quarter of fiscal year 2026 and projected growth for the fourth quarter demonstrates its stability and potential for sustainable growth. Additionally, the anticipated elevated billings growth in the first quarter of fiscal year 2027 further supports confidence in Autodesk’s future performance.
Moreover, the increase in EBIT margin guidance to 37.5% for fiscal year 2026 highlights Autodesk’s disciplined execution and operational efficiency. McGinnis also finds the company’s valuation attractive, with a 25x CY26 EV/FCF multiple, which is favorable compared to its vertical SaaS peers. These factors, along with the upward revision in revenue guidance and the potential revenue tailwind from the new transaction model, contribute to the Buy rating and the increased price target of $400.
McGinnis covers the Technology sector, focusing on stocks such as Autodesk, Freshworks, and HubSpot. According to TipRanks, McGinnis has an average return of -15.0% and a 28.85% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $320.00 price target.