Jim Cramer on Autodesk: "We're Going to Stay Away From the Love Canal That is Enterprise Software"

Autodesk, Inc. (NASDAQ:ADSK) is one of the stocks Jim Cramer put under a microscope. Responding to a caller’s query about the stock toward the end of the lightning round, Cramer said:

“This is another one, look, this is enterprise software. No one wants to touch these companies. It doesn’t matter if it’s for architects. No one wants to touch, these are toxic, okay? These are toxic. And we’re going to stay away from the Love Canal that is enterprise software.”

Autodesk, Inc. (NASDAQ:ADSK) provides 3D design, engineering, and entertainment software used for building information modeling, mechanical simulation, and digital production management. On January 9, Rothschild & Co Redburn initiated coverage on the company stock with a Buy rating and a price target of $375. The firm expects it to achieve 5.0% to 5.5% growth above its industry benchmarks from 2024 through 2027, which exceeds the consensus estimates of 3.5% to 4% growth rate.

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.