Key Takeaways:
- T. Rowe Price Investment Management supports Starboard Value in Autodesk's board reshuffle.
- Analysts project an average price target for Autodesk (ADSK, Financial) at $320.53, suggesting a notable upside.
- The company holds an "Outperform" status among brokerage firms with a GF Value estimate indicating potential growth.
T. Rowe Price Investment Management, a notable shareholder in Autodesk (ADSK), has announced its support for Starboard Value's nominees in the upcoming proxy battle at the software company. This move aligns with Starboard's ongoing critique of Autodesk's performance and marks a significant step in its campaign to nominate directors.
Wall Street Analysts Forecast
According to projections from 27 analysts, Autodesk Inc (ADSK, Financial) is poised for a favorable price trajectory. The average target price is $320.53, with optimistic estimates reaching as high as $370.00 and conservative estimates going down to $270.97. This average target price implies a potential upside of 23.53% from Autodesk's current trading price of $259.47. For more detailed estimates, please visit the Autodesk Inc (ADSK) Forecast page.
Analyst Ratings and GF Value Assessment
Autodesk Inc (ADSK, Financial) enjoys an "Outperform" designation, based on the consensus recommendation from 32 brokerage firms, with an average recommendation rating of 2.0. This rating lies on a scale where 1 represents a "Strong Buy" and 5 represents a "Sell."
Additionally, according to GuruFocus estimates, the projected GF Value for Autodesk Inc (ADSK, Financial) in the coming year is $306.82. This indicates a potential upside of 18.25% from the current price of $259.47. The GF Value represents GuruFocus' calculation of the stock's fair value, derived from historical trading multiples, past business growth, and future business performance estimates. Further detailed information can be accessed on the Autodesk Inc (ADSK) Summary page.
