Autodesk, Inc. (NasdaqGS: ADSK) has recently been initiated with a "Buy" recommendation by UBS, indicating confidence in the company's future performance.
Analysts have set an average one-year price target of $315.15 per share for Autodesk, with price forecasts ranging from $259.57 to $378.00 per share. The projected annual revenue for Autodesk is estimated at $6.264 billion, reflecting a growth rate of 5.08%.
Institutional investors have shown increasing interest in Autodesk, with 2,159 funds reporting positions in the company. The institutional landscape surrounding Autodesk reveals a mixed sentiment, with the average portfolio weight dedicated to Autodesk increasing significantly, but total shares owned by institutions seeing a slight decline. Prominent funds such as the Vanguard Total Stock Market Index Fund Investor Shares and Loomis Sayles & Co L P have adjusted their positions in Autodesk, while Price T Rowe Associates has increased its ownership.
Autodesk is a leader in design and make software, serving various industries and embracing emerging technologies such as additive manufacturing, artificial intelligence, generative design, and robotics. The company's strategic focus on these technologies positions it well for future growth.
Overall, Autodesk's recent coverage initiation, solid financial projections, and institutional interest indicate a promising future for the company.