Key Highlights:
- Autodesk's (ADSK, Financial) strong Q1 results outperformed revenue and earnings expectations.
- A new transactional model significantly enhanced revenue and billings, prompting a 29% increase in billings.
- Guidance indicates continued growth with increased billing and revenue expectations.
Autodesk (ADSK) has reported a robust performance in its first-quarter results, successfully surpassing both revenue and earnings forecasts. The company introduced a new transaction model that has notably boosted revenue and billings, triggering a remarkable 29% surge in the latter. Furthermore, Autodesk has announced substantial share repurchases amounting to $353 million, reflective of its commitment to delivering shareholder value. Future outlooks remain positive, with expectations of increased billings and revenue, underlining the company's strong growth trajectory.
Wall Street Analysts Forecast
According to projections provided by 27 analysts, the average one-year price target for Autodesk Inc (ADSK, Financial) stands at $313.48, with a high estimate of $374.00 and a low estimate of $250.00. This average target suggests a potential upside of 6.26% from the current market price of $295.00. Investors can explore more comprehensive estimate data on the Autodesk Inc (ADSK) Forecast page.
Taking into account the consensus recommendation from 32 brokerage firms, Autodesk Inc's (ADSK, Financial) average brokerage recommendation is marked at 2.0, indicating an "Outperform" status. This rating scale uses a range from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
As estimated by GuruFocus, the projected GF Value for Autodesk Inc (ADSK, Financial) one year from now is $309.49. This estimation suggests a prospective upside of 4.91% from the current trading price of $295. The GF Value is derived from the historical multiples at which the stock has previously traded, alongside past growth metrics and future performance projections. Extended data and insights are available on the Autodesk Inc (ADSK) Summary page.
