RBC Capital Remains a Buy on Autodesk (ADSK)

Autodesk, Inc. (NASDAQ:ADSK) is one of the best stocks to invest in for the long term. RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk, Inc. (NASDAQ:ADSK) on August 11, setting a price target of $345.00.

Autodesk, Inc. (NASDAQ:ADSK) reported that its fiscal Q1 2026 revenue rose 15%, 16% on a constant currency basis, to $1.6 billion.

Its full-year fiscal 2026 outlook “assumes a projected annual effective tax rate of 27 to 30 percent for GAAP, which includes the effects of the utilization of US deferred tax assets, and 19 percent for non-GAAP results”.

Management also reported that the fiscal Q2 2026 outlook assumes an estimated annual effective tax rate of 26% to 28% for GAAP.

Autodesk Inc. (NASDAQ:ADSK) offers three-dimensional design, engineering, and entertainment technology solutions for engineering, architecture, construction, product design, media, manufacturing, and entertainment industries.

The company’s professional 3D software programs, like AutoCAD, allow professionals to design industry components, 3D models, and buildings.

While we acknowledge the potential of ADSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.