Rosenblatt analyst Blair Abernethy has once again expressed a positive outlook on Autodesk (NASDAQ: ADSK), reiterating a Buy rating and a price target of $253.00. This reaffirmation of confidence in the company’s stock comes ahead of the upcoming earnings report.
Abernethy’s consistent Buy rating and either maintained or revised price targets demonstrate a continued belief in Autodesk’s potential for growth. In the past, the analyst has also reiterated a Buy rating with a price target of $235.00, further emphasizing the positive sentiment towards the company.
By reiterating the Buy rating and price target, Rosenblatt suggests that Autodesk’s stock is currently undervalued and has room for appreciation. This reaffirmation serves as a reminder that the company’s prospects remain promising and that investors should consider the stock as a potential investment opportunity.
Overall, Rosenblatt’s ongoing endorsement of Autodesk highlights the analyst’s confidence in the company’s future performance and reinforces the notion that the stock holds significant potential for growth.
Updated on: 30/11/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Loop Capital Markets
Autodesk Inc. (ADSK) Stock Analysis: Positive Performance, Strong Earnings and Revenue Growth
Autodesk Inc. (ADSK) is a technology services company that specializes in packaged software. On November 20, 2023, ADSK stock had a previous close of $217.38 and opened at $217.60. Throughout the day, the stock traded within a range of $217.18 to $221.72. The trading volume for the day was 73,313. The market capitalization of Autodesk Inc. stands at $46.0 billion.
One important aspect to consider when evaluating a stock’s performance is its earnings growth. In the last year, Autodesk Inc. experienced an impressive earnings growth rate of +68.43%. Looking ahead, analysts expect the company’s earnings growth rate to be +9.78% this year and +17.35% over the next five years.
In terms of revenue growth, Autodesk Inc. achieved a growth rate of +12.43% in the last year.
When evaluating a stock, it is also important to consider its valuation metrics. Autodesk Inc. has a P/E ratio of 54.5. The Price/Sales ratio is 9.49, and the Price/Book ratio is 40.37.
On November 20, 2023, ADSK stock showed a positive change of +1.74, representing a percentage change of +0.94%. In comparison to other technology services companies, Atlassian Corp, CrowdStrike Holdings, Fortinet Inc, and Electronic Arts Inc also experienced positive changes in their stock prices.
Looking ahead, Autodesk Inc. is scheduled to report its next earnings on November 22, 2023. Analysts forecast an earnings per share (EPS) of $1.92 for this quarter. In the previous year, the company generated an annual revenue of $4.9 billion and a profit of $823.0 million, resulting in a net profit margin of 16.64%.
Autodesk Inc. operates in the technology services sector and is part of the packaged software industry. The company is headquartered in San Francisco, California.
In conclusion, ADSK stock had a positive performance on November 20, 2023, with a slight increase in price and a positive percentage change. The company has demonstrated strong earnings and revenue growth in the past, and analysts expect this positive trend to continue in the coming years. However, investors should also consider the stock’s valuation metrics and the overall market conditions before making investment decisions.
Autodesk Inc (ADSK) Stock Analysis: Positive Outlook and Strong Financial Performance
On November 20, 2023, Autodesk Inc (ADSK) stock had a last price of $219.60. However, analysts have a positive outlook for the stock, with a median target price of $240.00, representing a potential increase of 9.29%. The high estimate for the stock is $270.00, while the low estimate is $178.00.
According to CNN Money, 23 analysts have provided 12-month price forecasts for ADSK stock. The consensus among these analysts is to buy the stock. This rating has remained unchanged since November, indicating a consistent positive sentiment towards Autodesk Inc.
In terms of financial performance, Autodesk Inc reported earnings per share of $1.92 for the current quarter. The company generated sales of $1.4 billion. These figures suggest a strong financial performance for Autodesk Inc.
Investors and analysts will be closely watching Autodesk Inc’s upcoming reporting date on November 22. This will provide further insights into the company’s financial health and future prospects.