Monthly Stock Report: Autodesk, Inc. (ADSK)
Publication Date: September 22, 2024
Company Overview
Autodesk, Inc. (NASDAQ: ADSK), headquartered in San Francisco, California, has established itself as a leader in the technology sector, particularly in 3D design, engineering, and entertainment solutions. Founded in 1982, Autodesk’s diverse range of software products—including industry stalwarts like AutoCAD, Revit, and Maya—serves various sectors such as construction, architecture, and entertainment. The company enhances its offerings with tools like Autodesk Build and BIM Collaborate Pro to improve project management and collaboration among users. Classified as a stock rather than an ETF, Autodesk operates within the fast-growing application software industry, an integral part of the broader technology sector, which is characterized by rapid innovation and expansion. Analysts currently recommend a “buy” due to the promising trajectory of the company, with a target high price set at $325.00.
Financial Performance
Autodesk’s financials reveal a robust foundation, with total reported revenue of approximately $5.81 billion. This solid performance positions Autodesk favorably for future growth in a competitive marketplace. The company has 215,508,992 shares outstanding, and a relatively low short interest of 3,569,253 shares, indicating a positive investor sentiment. Currently trading at $267.29, Autodesk’s stock presents an attractive potential upside, as analysts estimate a mean target price of $296.96, and a median target price of $299.50. The historical price movements indicate a 52-week range of $192.01 to $279.53, demonstrating volatility that could create investment opportunities. Furthermore, the fifty-day moving average of $250.16 suggests positive momentum, emphasizing a generally bullish outlook from industry analysts.
Analyst Insights
A consensus among 22 analysts reflects strong confidence in Autodesk’s future performance, evidenced by a recommendation score averaging 2.0. With a target high price of $325.00 and a target low price of $257.00, the stock displays a favorable outlook, suggesting room for price appreciation. The analysis emphasizes the importance of additional financial metrics, such as EBITDA, to provide deeper insights into operational efficiency. Overall, Autodesk’s performance amid industry growth highlights its potential as a compelling investment opportunity for both current and prospective shareholders.
| Metric | Value |
|---|---|
| Market Cap | $57.6b |
| Total Debt | $2.6b |
| Total Cash | $1.9b |
| Shares Outstanding | 215.5m |
| Float Shares | 214.5m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.