J.P. Morgan analyst Alexei Gogolev has maintained their neutral stance on ADSK stock, giving a Hold rating on November 26.
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Alexei Gogolev has given his Hold rating due to a combination of factors affecting Autodesk’s current and future outlook. The company is navigating through a transition to a new transaction model, which, while initially boosting billings and free cash flow, is expected to result in margin headwinds by fiscal 2027. This transition is causing some temporary complexities in financial reporting, which Autodesk aims to simplify in the future.
Furthermore, while Autodesk is making strides in AI and expanding its addressable market, the immediate impact of these initiatives may be tempered by the slow digitization of the construction industry. The company’s efforts in infrastructure and construction, as well as its focus on cloud-based solutions, are promising, but the benefits may take time to fully materialize. These factors contribute to a cautious outlook, justifying the Hold rating as Autodesk continues to adapt and position itself for long-term growth.
In another report released on November 26, Goldman Sachs also reiterated a Hold rating on the stock with a $330.00 price target.