Last Updated: 13 Sep 2024
Executive Summary
Autodesk Inc. (ADSK) is a leading provider of software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. The company has a strong track record of growth and profitability, and its stock price has outperformed the broader market in recent years. Autodesk's latest stock price is $259.47, and analysts have a consensus target price of $296.96.
Company Overview
Autodesk was founded in 1982 and is headquartered in San Rafael, California. The company's software products are used by over 10 million customers worldwide, and its revenue in 2023 was $5.8 billion. Autodesk's products are divided into three main categories:
Design and Creation: This category includes software for 3D modeling, animation, and rendering.
Engineering and Simulation: This category includes software for product design, simulation, and analysis.
Construction and Infrastructure: This category includes software for building design, construction management, and infrastructure planning.
Fundamental Analysis
Autodesk has a strong financial profile. The company's revenue has grown at a compound annual growth rate (CAGR) of 10% over the past five years, and its earnings per share (EPS) have grown at a CAGR of 15% over the same period. Autodesk's profit margin is 18.2%, and its return on equity (ROE) is 57.5%. The company's balance sheet is also strong, with $2.5 billion in cash and equivalents and no long-term debt.
Technical Analysis
Autodesk's stock price has been in a strong uptrend since the beginning of 2023. The stock recently broke out above its 50-day moving average, and it is now trading above its 200-day moving average. The stock's relative strength index (RSI) is 65, which indicates that it is overbought. However, the stock's moving average convergence divergence (MACD) is positive, which indicates that the uptrend is likely to continue.
Short Term Outlook
Autodesk's stock price is likely to continue to rise in the short term. The stock is trading above its key moving averages, and the RSI and MACD indicators are both positive. The company's strong financial performance and positive analyst sentiment are also supportive of a bullish outlook.
Long Term Outlook
Autodesk's long-term outlook is also positive. The company is a leader in the software industry, and its products are used by a wide range of customers. The company's strong financial profile and commitment to innovation are likely to drive continued growth in the years to come.
Analyst Recommendations
Analysts are bullish on Autodesk's stock. The consensus target price is $296.96, which represents a potential upside of 14.4% from the current price. Eight analysts have a "strong buy" rating on the stock, seven have a "buy" rating, nine have a "hold" rating, one has a "sell" rating, and zero have a "strong sell" rating.
