Mizuho Reiterates Outperform on Autodesk (ADSK), Sets $375 Price Target

Autodesk, Inc. (NASDAQ:ADSK) is one of the Trending AI Stocks on Wall Street. On October 8, Mizuho reiterated an Outperform rating on the stock with a price target of $375.00. The rating affirmation follows the company’s fiscal year 2026 Investor Day in San Francisco.

According to the firm, Autodesk management continues to maintain its expectations for operating margins to reach 41% in fiscal year 2029 on a reported basis. This is in line with its guidance provided during its third-quarter fiscal 2026 earnings call.

The company’s presentation particularly focused on connected cloud and data platform, which are designed to unlock generative AI-driven design capabilities and pave the way for new monetization opportunities.

It further noted how an absence of specific revenue growth targets “will likely disappoint some investors,” but mentioned how executives did voice their optimism regarding growth opportunities and profitability improvements.

Overall, Mizuho remains optimistic about Autodesk’s AI-first design strategy as a key driver for future expansion.

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

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: 10 Hot AI Stocks to Keep on Your Radar and 10 AI Stocks Every Investor Should Watch

Disclosure: None.