DA Davidson has reaffirmed a Buy rating on Autodesk shares, setting a $325 price target based on 22 times projected fiscal 2028 free cash flow.
The firm cited encouraging business momentum year-to-date and an updated fiscal year guide, though it trimmed second-half fiscal 2027 Non-GAAP EPS assumptions to reflect net financing costs tied to the MaintainX acquisition. Autodesk’s stock currently trades around $261.
Guggenheim also maintained a Buy rating while lifting its price target to $283, attributing the move to better-than-expected revenue and billings. UBS raised its target to $325, highlighting Autodesk’s durable low-teens organic growth.
Stifel reiterated its Buy rating with a $285 price target, emphasizing the company’s business momentum. InvestingPro’s fair-value estimate stands at $342.68, with a gross profit margin of 92.5% and a perfect Piotroski score of 9.
Autodesk reported second-quarter fiscal 2027 earnings of $3.30 per share, exceeding forecasts of $3.12, and revenue of $2.05 billion against a $2.01 billion estimate. The MaintainX acquisition, completed on August 3, is expected to contribute approximately 1 percentage point to full-year growth, while the updated guide adds roughly 1 percentage point to organic growth for the fiscal year.
Analysts also noted that Autodesk’s organic growth outlook has improved by about 1 percentage point in the revised guidance.
