Key Stats for Autodesk Stock
- YTD price change for Autodesk stock: -22%
- $ADSK Share Price as of April 10: $218
- 52-Week High: $329
- $ADSK Stock Price Target: $329
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What Happened?
Autodesk (ADSK) stock dropped after Citi analyst Tyler Radke cut his rating from Buy to Neutral on Friday. He also slashed his price target to $246.
- The downgrade adds to an already rough year for the stock, which is down 22% year to date.
- Citi’s move isn’t really about Autodesk’s business. Radke framed it as a broader call on the software sector.
- The firm is taking a more selective approach to software stocks and sees a lack of meaningful catalysts over the next year. In other words, it’s a patience problem more than a fundamentals problem.
That said, Autodesk stock does carry some near-term risks worth watching.
- The company is mid-way through a significant sales restructuring, with a 7% reduction in its workforce focused on customer-facing roles.
- Management has acknowledged that this creates a short-term risk of disruption, particularly for new business billings early in the year.
- The stock also trades at around 43 times forward earnings, a premium that leaves little room for error.
On the earnings front, Autodesk actually finished fiscal 2026 strongly.
- Revenue, billings, margins, EPS, and free cash flow all came in above the high end of guidance.
- The company guided for fiscal 2027 revenue of $8.1 billion to $8.17 billion,
- Non-GAAP operating margins of 38.5% to 39%.
See analysts’ growth forecasts and price targets for Autodesk stock (It’s free) >>>
What the Market Is Telling Us About Autodesk Stock
Citi’s downgrade is a clear outlier. The broader analyst community remains bullish on Autodesk stock, with 29 Buy ratings and just 3 Holds.
The consensus price target sits at $331.62, implying nearly 50% upside from current levels.
Citi’s $246 target is well below that consensus, making it the most cautious call on the Street right now.
For investors with a longer time horizon, the selloff may look like an opportunity. But near-term, the combination of a premium valuation, an ongoing sales transition, and a catalyst-light environment could keep pressure on Autodesk stock through the first half of the year.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
