Berenberg Upgrades Autodesk (ADSK) Stock to Buy from Hold

Autodesk, Inc. (NASDAQ:ADSK) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 27, Berenberg upgraded the company’s stock to “Buy” from “Hold” with a price objective of $365, an increase from the prior target of $325, as reported by The Fly. The firm noted a compelling margin-expansion opportunity at Autodesk, Inc. (NASDAQ:ADSK). Unlike earlier AI tools, which simply improved user productivity, the AI agents have the ability to execute business tasks with full autonomy and agency, according to the firm’s analyst.

The firm believes that this technological advance unlocks fundamental new value in AI adoption for enterprises, and this trend can benefit Autodesk, Inc. (NASDAQ:ADSK). The company is focusing its growth investments on the strategic priorities in cloud, platform, and AI. Furthermore, it continues to optimize its sales and marketing and has been investing to enable future optimization, which fuels higher margins. For Q2 2026, Autodesk, Inc. (NASDAQ:ADSK) expects revenue in the range of $1,720 million – $1,730 million, and EPS (GAAP) of between $1.37 – $1.46.

Autodesk, Inc. (NASDAQ:ADSK) is a leading AI and technology business because it is engaged in developing advanced software platforms for engineering, design, and manufacturing. The company uses AI for the automation of design processes and optimization of construction planning.

Parnassus Investments, an investment management company, released its Q3 2024 investor letter. Here is what the fund said:

“In Software, we added Autodesk, Inc. (NASDAQ:ADSK) and Cloudflare while exiting Bill.com. We believe Autodesk’s dominant position in architecture, engineering and construction software allows it to increase margins and offer attractive revenue growth. Autodesk is a market-leading vertical software company with the ability to meaningfully improve its margins, while its revenue growth should accelerate as it completes its sales channel re-alignment.”

While we acknowledge the potential of ADSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADSK and that has 100x upside potential, check out our report about this cheapest AI stock.

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