Barclays Maintains Overweight Rating on Autodesk (ADSK), Lifts PT

On Friday, Barclays increased its price target for Autodesk Inc. (NASDAQ:ADSK) to $355 from $325, while maintaining an Overweight rating on the shares.

This adjustment followed Autodesk's strong performance in Q1 FY2026, which saw improved billings, revenue, and margins, partly driven by increased e-store traffic.

Autodesk's total revenue in FQ1 increased by 15% year-over-year as reported and totaled $1.63 billion. The new transaction model contributed $78 million to this revenue. For FY2026, Autodesk has provided revenue guidance ranging from $6.925 to $6.995 billion. However, the company is navigating uncertainties from geopolitical and macroeconomic factors, which could impact customer bidding processes and material costs.

There is also a potential risk of disruption from ongoing sales and marketing optimization and the transition to a new Chief Revenue Officer. The Asia Pacific region, particularly Japan, China, and Korea, showed some softness due to macroeconomic turmoil and trade discussions. The transition to the new transaction model is still in progress, with channel partners adapting and onboarding their long tail of customers.

Autodesk Inc. (NASDAQ:ADSK) provides 3D design, engineering, and entertainment technology solutions worldwide.

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