Autodesk, the Technology sector company, was revisited by a Wall Street analyst on August 29. Analyst Tyler Radke from Citi maintained a Buy rating on the stock and has a $393.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tyler Radke’s rating is based on Autodesk’s strong financial performance and strategic direction. The company exceeded expectations in its recent quarterly results, driven by robust growth in its Architecture, Engineering, Construction, and Operations (AECO) segment. This performance was bolstered by strategic mergers and acquisitions, which have been well-received by the market and have contributed to shareholder value through buybacks.
Additionally, Autodesk’s updated financial outlook for FY26 and its medium-term operating margin target for FY29 indicate a positive trajectory. The company’s revenue and billings targets have been raised, reflecting confidence in its business momentum. With strong regional performance and impressive free cash flow, Autodesk is well-positioned for continued growth, justifying Tyler Radke’s Buy rating.
According to TipRanks, Radke is a 4-star analyst with an average return of 6.0% and a 49.49% success rate. Radke covers the Technology sector, focusing on stocks such as CoreWeave, Autodesk, and Snowflake.
In another report released on August 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $362.00 price target.