Citi Raises Autodesk (ADSK) Price Target, Maintains Buy Rating

On Tuesday, May 27, Citi analyst Tyler Radke increased the price target on Autodesk, Inc. (NASDAQ:ADSK) from $374 to $376 and kept a “Buy” rating. This adjustment came after the company reported financial results for Q1 of fiscal 2026. According to Radke, the results were solid and showed a good balance of growth and margin performance.

During the quarter, Autodesk, Inc. (NASDAQ:ADSK) reported that it renewed several large Enterprise Business Agreements, with customers increasing their use of products like Autodesk Construction Cloud, Revit, and Fusion. The company continued the rollout of the transaction-based model, which helped improve margin efficiency. This led to an increase in targets for the company’s annual operating margin and free cash flow.

Despite this impressive performance in Q1 of fiscal 2026, Autodesk, Inc. (NASDAQ:ADSK) kept its full-year revenue forecast but adjusted its billing targets to reflect account currency changes and the transaction-based model. According to Citi, the updated outlook seems reasonable given the current economic environment. Citi’s analysis noted that Autodesk, Inc.’s (NASDAQ:ADSK) outlook is more optimistic than the conservative guidance provided by other companies in the vertical software market.

Autodesk, Inc. (NASDAQ:ADSK) is a global software corporation that provides software products and services for the architecture, engineering, construction, product design, manufacturing, media, and entertainment industries.

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Disclosure: None.