Mizuho Securities analyst Siti Panigrahi has reiterated their bullish stance on ADSK stock, giving a Buy rating on February 28.
Siti Panigrahi has given his Buy rating due to a combination of factors including Autodesk’s strong financial performance and strategic initiatives. The company reported fourth-quarter results that exceeded expectations, with revenue and earnings per share surpassing consensus estimates. This robust performance was driven by significant growth across various business segments and geographic regions, particularly in architecture, engineering, and construction, as well as manufacturing.
Furthermore, Autodesk’s management provided guidance for fiscal year 2026 that was above consensus, highlighting a conservative yet promising outlook. The company’s strategic restructuring, including a workforce reduction and focus on digital self-service capabilities, is expected to enhance profitability. Additionally, the transition to a more direct revenue model and favorable macroeconomic trends are anticipated to support long-term growth and profitability, justifying the Buy rating and a price target of $400.
In another report released on February 28, Stifel Nicolaus also maintained a Buy rating on the stock with a $350.00 price target.
ADSK’s price has also changed slightly for the past six months – from $254.620 to $274.210, which is a 7.69% increase.