Autodesk Inc. ($ADSK) Stock Forecast: Up 0.6% Today

What is Autodesk Inc.?

Autodesk (ADSK) Market: Autodesk is a software company that provides 3D design, engineering, and entertainment software. Today, the stock had a strong bullish movement.

Why is Autodesk Inc. going up?

ADSK stock is up 0.6% on Aug 30, 2024 15:47

• Autodesk's second-quarter fiscal 2025 results surpassed estimates, showing growth across products and regions in AEC and manufacturing product families.
• Analysts increased their forecasts for Autodesk after better-than-expected earnings, with quarterly earnings and sales beating consensus estimates.
• Price targets for Autodesk shares were raised by a financial institution amid revenue and margin growth expectations.
• The positive market sentiment towards US markets, with futures indicating higher openings, likely contributed to the bullish movement in Autodesk's stock.

ADSK Price Chart

ADSK Technical Analysis

ADSK News

Autodesk Q2 Earnings and Sales Surpass Estimates, Improve Y/Y

ADSK's second-quarter fiscal 2025 results reflect gains from growth across products and regions in AEC and manufacturing product families.

https://www.zacks.com/stock/news/2329679/autodesk-q2-earnings-and-sales-surpass-estimates-improve-yy

US markets set to open higher today

US markets are set to open higher today with futures seeing the S&P 500 up 0.5%, the Nasdaq-100 up 0.9% and the Russell 2000 up 0.4%. Here are the biggest movers pre-market from Newsquawk: $ADSK +5%: Rev. & EPS beat; Exec given its momentum in Q2, lifting FY billings, rev., EPS & FCF outlook $DELL +4%: Rev. & EPS beat; Continues to see increase in number of enterprise customers buying AI solutions $MRVL +11.3%: EPS & rev. beat $LULU +4%: EPS beat, although lowered guidance & missed sales exp. $ULTA -8%: Profit misses & lowered guidance w/ exec citing a decline in SSS as main driver $ESTC -28%: Next Q rev. guide light & lowered FY; Had a slower start to the yr. due to segmentation changes & took steps to address, but will impact rev. this yr. $INTC +4%: Working w/ IB to navigate its slump, exploring options like splitting its product-design & manuf. units & potentially scrapping factory projects $NXPI +4.5%: Approved interim dividend of $ 1.014/shr w/ additional $2bln for share purchases $CRWD +1.

https://www.forexlive.com/news/us-markets-set-to-open-higher-today-20240830/

Autodesk Analysts Increase Their Forecasts After Better-Than-Expected Earnings - Autodesk ( NASDAQ:ADSK )

Autodesk, Inc. ADSK posted better-than-expected second-quarter EPS and revenues on Thursday. Autodesk reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $1.50 billion which beat the analyst consensus ...

https://www.benzinga.com/news/earnings/24/08/40651754/autodesk-analysts-increase-their-forecasts-after-better-than-expected-earnings

CrowdStrike To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday - CrowdStrike Holdings ( NASDAQ:CRWD )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho raised the price target for Autodesk, Inc. ADSK from $230 to $260.

https://www.benzinga.com/news/24/08/40650267/crowdstrike-to-rally-around-25-here-are-10-top-analyst-forecasts-for-friday

Piper Sandler raises Autodesk shares target amid revenue and margin growth

https://www.investing.com/news/company-news/piper-sandler-raises-autodesk-shares-target-amid-revenue-and-margin-growth-93CH-3595214

https://www.investing.com/news/company-news/piper-sandler-raises-autodesk-shares-target-amid-revenue-and-margin-growth-93CH-3595214

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Autodesk Inc. Price History

30.07.2024 - ADSK Stock was up 0.6%

• Autodesk's second-quarter fiscal 2025 results surpassed estimates, showing growth across products and regions in AEC and manufacturing product families.
• Analysts increased their forecasts for Autodesk after better-than-expected earnings, with quarterly earnings and sales beating consensus estimates.
• Price targets for Autodesk shares were raised by a financial institution amid revenue and margin growth expectations.
• The positive market sentiment towards US markets, with futures indicating higher openings, likely contributed to the bullish movement in Autodesk's stock.

12.05.2024 - ADSK Stock was up 5.1%

• Even amid a securities fraud class action lawsuit, Autodesk's stock displayed strength through a bullish trajectory.
• This upward trend could be linked to investor optimism surrounding the company's advanced software solutions and growth potential, deflecting attention from the legal concerns.
• Upgraded price targets by analysts on various tech firms such as Oracle likely had a positive impact on investor outlook within the tech industry, indirectly benefiting Autodesk.
• By surpassing the market's downturn, the stock's performance suggests that investors trust Autodesk's capabilities to overcome hurdles and generate long-term value.

12.05.2024 - ADSK Stock was up 5.3%

• Autodesk's bullish movement could be attributed to the company's embrace of AI in its product offerings. This move towards innovation and technology advancement may have sparked investor optimism.
• The news of Indian developers on GitHub surpassing the US by 2027, with Autodesk being one of the firms embracing GitHub Copilot, could have also contributed to the positive sentiment surrounding the company.
• Overall, the market may be reacting positively to Autodesk's strategic initiatives in AI and technology, positioning the company for future growth and innovation.

04.05.2024 - ADSK Stock was down 5.3%

• A class action securities lawsuit filed against Autodesk by multiple law firms may have contributed to a sense of uncertainty and negativity among investors.
• The decision to shift the Chief Financial Officer to the role of Chief Strategy Officer could hint at internal challenges or strategic transitions within the company, potentially sparking worries about financial leadership.
• While the stock saw a brief surge after the CFO reshuffle, indicating a momentary positive response from investors, the prevailing market sentiment appears to have been dominated by the legal troubles and executive changes, leading to the overall bearish trend.

12.05.2024 - ADSK Stock was up 5.1%

• Despite a Sell rating from Goldman Sachs and a lowered price target, ADSK exhibited a bullish trend, suggesting that other factors influenced the market sentiment.
• Concerns over a pending deadline in a class action lawsuit and an investigation by Faruqi & Faruqi, LLP may have initially impacted market uncertainty, but robust Q1 earnings and exceeding sales expectations likely reassured investors, contributing to the bullish movement.
• The positive Q1 financial results and strong competitive performance appear to have played a key role in bolstering market confidence, driving the bullish movement in ADSK today.

17.03.2024 - ADSK Stock was down 5.3%

• Autodesk's stock dropped by 7.8% due to an update on an internal investigation regarding its free cash flow and non-GAAP operating margin practices. The delayed filing of its annual report within the SEC's grace period raised concerns, leading to a negative market sentiment.
• Reports of an investigation by Block & Leviton for potential securities law violations added more pressure on Autodesk's stock price.
• The delay in submitting annual financial results and uncertainty surrounding the internal investigation were key factors in the stock's decline.
• The negative sentiment towards Autodesk contrasted with the premarket uptick of other companies like United Airlines and Abbott, suggesting that company-specific issues were impacting Autodesk's stock performance.

17.03.2024 - ADSK Stock was down 7.2%

• Autodesk shares are trading lower due to the company's announcement of not filing its annual financial results on time and providing updates on an internal investigation, causing uncertainty among investors.
• The delayed Form 10-K filing and ongoing internal investigation regarding free cash flow and non-GAAP operating margin practices have contributed to the negative sentiment surrounding Autodesk stock.
• The market's reaction to the news highlights investors' concerns about transparency and financial reporting practices, leading to a significant sell-off in Autodesk shares.
• The uncertainty surrounding the outcome of the internal investigation and potential non-compliance notice from Nasdaq have likely fueled the bearish trend in Autodesk stock.

17.03.2024 - ADSK Stock was down 6.4%

• Autodesk shares plummeted by 7.8% due to the company's announcement of further delays in filing its annual report, stemming from an ongoing internal investigation into accounting practices. This uncertainty has raised concerns among investors, leading to a negative market sentiment.
• The delay in filing the annual report and the ongoing investigation have sparked worries about potential securities law violations, prompting a law firm to investigate the matter further. This added legal scrutiny has likely contributed to the downward pressure on the stock.
• The market's reaction underscores the importance of transparency and timely financial reporting in maintaining investor confidence. The lack of clarity surrounding Autodesk's financial practices has eroded trust in the company's operations, resulting in a significant decline in its stock value.

03.05.2024 - ADSK Stock was down 5.2%

• Despite the recent positive news about announcing preliminary Q1 fiscal 2025 results and the conclusion of the audit investigation, Autodesk's stock faced a bearish movement.
• The market displayed a bullish sentiment with the rise of futures and the strong performance of tech stocks like Nvidia, but this did not have a positive impact on Autodesk's stock.
• Citi's decision to maintain a Buy rating on Autodesk after the preliminary results indicates confidence in the company's long-term prospects. However, short-term market conditions may have influenced the bearish movement.
• The general optimism in the market and the positive performance of other tech stocks did not result in a favorable movement for Autodesk, suggesting that company-specific factors could have contributed to the bearish trend.

18.03.2024 - ADSK Stock was down 5.0%

• Autodesk (ADSK) faced a notable decrease in its stock value today, with a 7.8% drop during the morning trading session.
• Market response was unfavorable following revelations of an internal inquiry at Autodesk into its handling of free cash flow and non-GAAP operating margin matters, leading to a postponement in the submission of its yearly financial statement.
• Analysts expressed worries regarding the accounting concerns, which added pressure on Autodesk's stock performance.
• The investigation's ambiguity and potential breaches of securities laws have unsettled investors, contributing to the downward trend in Autodesk's stock prices.

12.05.2024 - ADSK Stock was up 6.6%

• A looming class action lawsuit deadline initially caused uncertainty among investors, but strong Q1 earnings and sales exceeding expectations likely reassured the market.
• Investor optimism about Autodesk's future growth potential may have been prompted by the positive reception of the company's integration of AI into its products.
• Today's bullish movement in Autodesk's stock is likely a result of its robust financial performance and strategic technological advancements, with legal concerns taking a back seat.

06.07.2024 - ADSK Stock was up 5.2%

• The bullish movement in Autodesk's stock can be attributed to an activist investor issuing a presentation urging improvements at the company, including exploring CEO change and cost cuts.
• The demand for changes from the activist investor highlights concerns about unmet financial targets, subpar profitability, and a decline in share price under the current leadership.
• Options activity indicating a bearish stance from investors may have created short-term negative sentiment, but the overall market sentiment seems influenced by the potential for strategic changes and improvements at Autodesk.
• The projected explosive growth in the Naval Architecture Software market could be contributing to the positive outlook for Autodesk, as it operates in a sector poised for significant expansion, potentially boosting the company's prospects and investor confidence.