Key Takeaways From Autodesk Analyst Ratings
Portfolio Pulse from Benzinga Insights
Over the last three months, 21 analysts have provided diverse ratings for Autodesk (NASDAQ:ADSK), with a shift towards more bullish sentiments in the recent 30 days. The average 12-month price target for ADSK has been raised to $283.1, up 12.65% from the previous target. Analysts have adjusted their ratings and price targets, reflecting a positive outlook on Autodesk's performance and market position. Despite challenges in revenue growth and net margin compared to industry peers, Autodesk's strong ROE and ROA indicate financial health. The company's debt-to-equity ratio suggests potential financial challenges.
April 01, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Autodesk's average 12-month price target has been raised to $283.1, reflecting a positive outlook from analysts. Despite facing challenges in revenue growth and net margin, the company's strong ROE and ROA indicate robust financial health.
The increase in the average 12-month price target for ADSK, along with positive adjustments in analyst ratings, suggests a bullish sentiment towards the company's stock in the short term. The strong ROE and ROA are key financial health indicators that likely contribute to this positive outlook, despite Autodesk's challenges in revenue growth and net margin. The company's debt-to-equity ratio, while indicating potential financial challenges, does not seem to significantly deter analyst optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100