Autodesk (ADSK) Reaffirms Long-Term Growth Outlook With Focus on AI and Efficiency

Autodesk, Inc. (NASDAQ:ADSK) is one of the Trending AI Stocks on Wall Street’s Radar. On October 6, RBC Capital analyst Matthew Hedberg reiterated an Outperform rating on the stock with a $380.00 price target.

The rating affirmation came ahead of the company’s analyst event. Autodesk’s analyst event took place on October 7^th in San Francisco. According to the firm, Autodesk had already disclosed during its second-quarter earnings call about its fiscal year 2029 operating margin target of 41%, or 45% on an underlying basis.

In this regard, the firm noted that the investor day would help understand its various market drivers. One of the main focus of the event is its AI vision, it said.

Following the analyst day, firms such as Piper Sandler reaffirmed their bullish outlooks based on their confidence in the company’s growth and profitability strategy.

Autodesk, Inc. (NASDAQ:ADSK), a multinational software corporation, leverages generative AI technology to drive innovation across the design, construction, manufacturing, and entertainment industries.

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