Key Takeaways:
- Loop Capital initiates coverage on Autodesk (ADSK, Financial) with a Hold rating, setting a price target of $320.
- Wall Street analysts anticipate an average target price of $342.68, suggesting a potential upside of 15.39%.
- GuruFocus estimates indicate a GF Value of $317.44, implying a 6.89% upside from the current stock price.
Loop Capital's Coverage on Autodesk
Loop Capital has recently begun coverage on Autodesk (ADSK), offering a Hold rating with a price target set at $320. This decision is primarily driven by the company's current valuation. Autodesk, renowned for its innovative 3D design and engineering solutions, is in the midst of a strategic transformation. This includes refining its cost structure and transitioning to a direct sales model, aiming to enhance long-term operational efficiency and market competitiveness.
Wall Street Analysts' Projections
According to projections from 28 analysts, Autodesk Inc (ADSK, Financial) is expected to reach an average price target of $342.68 over the next year. This forecast ranges from a high of $430.00 to a low of $270.97. These figures imply a potential upside of 15.39% from the current stock price of $296.98. For more comprehensive insights, please visit the Autodesk Inc (ADSK) Forecast page.
Brokerage Recommendations
The consensus recommendation from 31 brokerage firms places Autodesk Inc (ADSK, Financial) at an average rating of 2.0, indicating it to be in an "Outperform" status. This rating uses a scale from 1 to 5, where 1 represents a Strong Buy and 5 represents a Sell, showcasing a generally favorable view from the analyst community.
GuruFocus's GF Value Estimate
Using GuruFocus's valuation model, the estimated GF Value for Autodesk Inc (ADSK, Financial) in one year stands at $317.44. This figure projects an upside of 6.89% from the current price of $296.98. The GF Value is derived from historical trading multiples, past business growth, and anticipated future performance. For additional details, access the Autodesk Inc (ADSK) Summary page.
