Autodesk price target lowered to $290 from $400 at UBS

UBS analyst Taylor McGinnis lowered the firm’s price target on Autodesk (ADSK) to $290 from $400 and keeps a Buy rating on the shares. Customer feedback was broadly constructive for Autodesk, with no signs of near-term deterioration and indications that CY26 guidance could resemble initial CY25 outlooks, largely in line with expectations, the analyst tells investors in a research note. Confidence in Autodesk’s growth durability is higher than Bentley’s (BSY) given recent annual recurring revenue deceleration and limited visibility into asset analytics deal timing, UBS says.