Autodesk Inc [ADSK] stock is trading at $313.14, up 1.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADSK shares have gain 3.58% over the last week, with a monthly amount glided 9.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Autodesk Inc [NASDAQ: ADSK] stock has seen the most recent analyst activity on October 16, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $340. Previously, DA Davidson started tracking the stock with Neutral rating on September 27, 2024, and set its price target to $260. On September 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $299 on the stock. Goldman upgraded its rating to a Neutral and increased its price target to $295 on September 03, 2024. BMO Capital Markets reiterated its recommendation of a Market Perform and raised its price target to $287 on August 30, 2024. In a note dated May 01, 2024, Berenberg downgraded an Hold rating on this stock but restated the target price of $295.
Autodesk Inc [ADSK] stock has fluctuated between $195.32 and $314.70 over the past year. Currently, Wall Street analysts expect the stock to reach $289.28 within the next 12 months. Autodesk Inc [NASDAQ: ADSK] shares were valued at $313.14 at the most recent close of the market. An investor can expect a potential drop of -7.62% based on the average ADSK price forecast.
Analyzing the ADSK fundamentals
Autodesk Inc [NASDAQ:ADSK] reported sales of 5.78B for the trailing twelve months, which represents a growth of 12.95%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.53 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 308.79 points at the first support level, and at 304.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 316.61, and for the 2nd resistance point, it is at 320.08.
Ratios To Look Out For
For context, Autodesk Inc’s Current Ratio is 0.64. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 11.66, the price to book ratio is 27.21 and price to earnings (TTM) ratio is 64.14.
Transactions by insiders
Recent insider trading involved MCDOWELL MARY T, Director, that happened on Oct 15 ’24 when 550.0 shares were sold. Director, MARY THERESE MCDOWELL completed a deal on Oct 15 ’24 to buy 550.0 shares. Meanwhile, SVP & Chief Accounting Officer Hope Stephen W. bought 54.0 shares on Sep 30 ’24.
