Key Stats for Autodesk Stock
- 1- Year Price change for Autodesk stock: -16%
- $ADSK Share Price as of Feb. 2: $256
- 52-Week High: $329
- $ADSK Stock Price Target: $363
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What Happened?
Autodesk (ADSK) stock jumped over 1% on Tuesday after JPMorgan upgraded the design software company from “Neutral” to “Overweight” with a $319 price target.
That represents 26% upside from current levels. The upgrade comes as the investment bank expects Autodesk to capitalize on its leadership position in AI-powered design tools for architects, engineers, and contractors.
JPMorgan called Autodesk the clear global industry standard for Building Information Modeling (BIM) software. The bank highlighted the company’s cloud-native platform and rapid AI integration as key drivers that will improve operational efficiency and streamline project workflows for customers.
The upgrade follows several analyst updates in recent weeks.
- Rothschild Redburn initiated coverage with a Buy rating and $375 price target, recognizing Autodesk as the leader in architecture, engineering, and construction software.
- BTIG also initiated coverage with a Buy rating and a $365 price target, citing Autodesk’s dominant position in computer-aided design (CAD) and BIM software.
Autodesk recently announced a global restructuring plan that will reduce its workforce by about 7%, affecting roughly 1,000 employees.
The restructuring focuses primarily on customer-facing sales roles as the company completes the final phase of its sales and marketing optimization.
Autodesk expects to incur pre-tax restructuring charges between $135 million and $160 million, with most charges hitting in fiscal year 2027.
The company plans to reinvest part of the savings into strategic priorities, including AI development.
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What the Market Is Telling Us About Autodesk Stock
The upgrade reflects growing confidence in Autodesk’s ability to monetize AI across its product portfolio.
During recent investor conferences, Autodesk executives outlined a three-stage AI strategy.
- The first stage focuses on automating tasks to improve day-to-day productivity for customers.
- The second stage involves workflow automation that connects different disciplines.
- The third stage delivers systems-level automation, automating multiple workflows to provide complete solutions.
CEO Andrew Anagnost emphasized that Autodesk has been working on AI since 2009, with a dedicated AI Lab created in 2018.
The company now has roughly 300 researchers focused specifically on AI for geometry, shapes, structures, products, and buildings. This gives Autodesk a significant head start over competitors who are still building out their AI capabilities.
The company is already seeing early adoption. Autodesk’s constraint automation tool in Fusion has automated 2.6 million constraints so far, with an acceptance rate above 60%. That’s considered very high for any generated feature. The company is rolling out similar tools across its product portfolio.
JPMorgan highlighted Autodesk’s strong positioning in high-growth verticals like data centers and infrastructure.
The bank also noted that expanding modules for sustainability analytics and regulatory compliance positions Autodesk stock to benefit from rising reporting demands.
Customer feedback indicates a trend toward software consolidation, with large firms increasingly standardizing on Autodesk for both design and compliance needs.
CFO Janesh Moorjani noted that the company’s SaaS-native business has grown from essentially zero five or six years ago to a meaningful portion of revenue today.
This shift to the cloud is critical for AI capabilities because it enables the data flows needed to automate workflows across different personas and disciplines.
Autodesk stock has pulled back about 18% from its 52-week high, creating what JPMorgan views as an attractive entry point. The investment bank’s $319 price target closely aligns with InvestingPro’s Fair Value assessment, suggesting the stock is currently undervalued.
One risk to monitor is the ongoing optimization of sales and marketing. Management has signaled that this multiyear transition will continue into fiscal 2027, which could create some near-term disruption.
The company is changing partner compensation structures to pay significantly less on renewals and much more on new business generation. While Autodesk has factored in potential churn from these changes, execution risk remains.
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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!
