Wells Fargo lowered the firm’s price target on Autodesk (ADSK) to $350 from $365 and keeps an Overweight rating on the shares. The firm notes the company posted Q4 results above expectations, with FY27 revenue guide stronger than expected even with prudent posture and margins pacing well toward 41% FY29 target. Wells sees positive underlying momentum and story more insulated from broader AI risk.
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Read More on ADSK:
- Autodesk price target raised to $315 from $300 at Barclays
- Autodesk: Conservative Growth Outlook and Strategic AI Positioning Support Buy Rating
- Autodesk Posts Strong Q4 FY2026 Results, Demand Robust
- Autodesk sees FY27 non-GAAP EPS $12.29-$12.56, consensus $11.65
- Autodesk reports Q4 non-GAAP EPS $2.85, consensus $2.64