Autodesk, Inc. (NASDAQ:ADSK) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 9, Rothschild analysts initiated coverage of Autodesk, Inc. (NASDAQ:ADSK) with a Buy rating and a $375 price target, stating that the company is on track to grow more rapidly than its end markets and recent projections suggest. According to the firm, Autodesk, Inc. (NASDAQ:ADSK) is a world leader in design, engineering, and construction software, a sector that Rothschild believes will be worth $51 billion by fiscal 2029.
According to Rothschild, Autodesk’s architecture, engineering, construction, and operations portfolio accounts for more than half of its revenue, and has been the company’s strongest division over the previous decade.
Although Autodesk, Inc. (NASDAQ:ADSK) has established a strong presence in design software with products like AutoCAD and Revit, analysts expect it to further cement its dominance. They noted higher adoption of building information modeling regulations, the monetization of AI features, and consistent global construction activity as major contributors.
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.