Analyst Michael Funk from Bank of America Securities reiterated a Hold rating on Autodesk (ADSK – Research Report) and keeping the price target at $335.00.
Michael Funk has given his Hold rating due to a combination of factors impacting Autodesk’s financial outlook. The company reported better-than-expected results for the fourth quarter of fiscal year 2025 and provided guidance for fiscal year 2026 that exceeded expectations. However, Autodesk’s management has revised its normalized revenue growth expectations downward due to ongoing macroeconomic challenges, which has tempered the overall positive outlook.
Despite the strong performance in revenue and billings, and improvements in operating margins, there are concerns about execution risks following a reduction in workforce. The valuation is based on a slightly reduced EV/EBITDA multiple, reflecting these risks. While Autodesk’s business model and margin profile remain strong, uncertainties in modeling and growth projections justify maintaining a Hold rating.
According to TipRanks, Funk is an analyst with an average return of -6.2% and a 44.44% success rate. Funk covers the Technology sector, focusing on stocks such as Autodesk, Alarm, and Dropbox.