Stock of the Day

Autodesk (ADSK)

$298.22

-$0.14 (-0.0%)

Market Cap: $63.80B

About Autodesk

Autodesk, Inc. provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry. It sells its products and services to customers directly, as well as through a network of resellers and distributors. Autodesk, Inc. was incorporated in 1982 and is headquartered in San Francisco, California.

Autodesk Bull Case

Here are some ways that investors could benefit from investing in Autodesk, Inc.:

• The current stock price is around $295.63, which reflects a strong market position and potential for growth.
• Analysts have recently rated Autodesk, Inc. with a consensus rating of "Moderate Buy," indicating positive sentiment among market experts.
• Several brokerages have raised their price targets for Autodesk, Inc., with some estimates reaching as high as $361.00, suggesting confidence in the company's future performance.
• Autodesk, Inc. has a robust market capitalization of approximately $63.25 billion, showcasing its stability and influence in the industry.
• The company has a diverse portfolio of 3D design and engineering solutions, which positions it well to capitalize on growing demand in various sectors.

Autodesk Bear Case

Investors should be bearish about investing in Autodesk, Inc. for these reasons:

• The stock has a relatively high P/E ratio of 58.66, which may indicate that it is overvalued compared to its earnings.
• Recent insider trading activity shows a significant sale by the Chief Accounting Officer, which could raise concerns about the company's internal confidence.
• Autodesk, Inc. has a current ratio of 0.65, suggesting potential liquidity issues, as it may struggle to cover short-term liabilities.
• Some analysts have issued lower price targets, with one report reducing the target from $300.00 to $280.00, indicating mixed market expectations.
• The company has a beta of 1.47, which means its stock is more volatile than the market, potentially leading to higher risk for investors.

Recent News

• Autodesk Q1 Earnings Transcript (marketbeat.com)
• Autodesk Inc. stock rises Tuesday, still underperforms market (msn.com)
• Q1 Design Software Earnings: Autodesk (NASDAQ:ADSK) Earns Top Marks (msn.com)
• Autodesk, Inc. (ADSK) Presents at Baird Global Consumer, Technology & Services Conference Transcript (seekingalpha.com)