UBS Maintains Autodesk (ADSK) Buy Rating Amid Strong Q2 Revenue and Billings Growth

Autodesk, Inc. (NASDAQ:ADSK) ranks among the best software stocks to buy right now. Citing what it called one of the “cleanest” prints in the applications and software-as-a-service industry this earnings season, UBS maintained its Buy rating on Autodesk, Inc. (NASDAQ:ADSK) and increased its price target from $370 to $385 on August 29.

The firm cited Autodesk’s second-quarter revenue and billings beats as the best in previous quarters, with both sustaining adjusted constant currency growth in the low teens and pushing into the 20s. This solid performance prompted Autodesk, Inc. (NASDAQ:ADSK) to lift its fiscal year 2026 target at the upper end to 10% from 9% on revenues and to 19% from 18% on billings, both adjusted for constant currency.

Autodesk’s second-quarter EBIT margin of 39% was also deemed solid by UBS, which added that the roughly 25 basis point increase to the fiscal year 2026 EBIT margin guidance was “likely good enough.”

Autodesk, Inc. (NASDAQ:ADSK) is a leading software provider to designers, engineers, and builders. Its technology spans architectural, engineering, construction, product design, and manufacturing.

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