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2 clusters · 4 sources · 4 days · First seen 15 days ago · Last updated 11 days ago

Autodesk financial performance and analyst outlook

Overview

Autodesk reported fiscal 2027 second-quarter results that exceeded the high end of previous guidance, driven by a 16% year-over-year increase in revenue. The company attributed growth partly to a new transaction model and its “project intelligence” strategy, which integrates data across design, construction, and manufacturing. The financial outlook was further bolstered by the acquisition of MaintainX.

Following these earnings, financial analysts issued updated price targets for the company. Citigroup raised its target to $276 with a ‘neutral’ rating, while Guggenheim increased its target to $283 with a ‘buy’ rating. Conversely, the Royal Bank of Canada lowered its objective to $305.

Entities

Autodesk · Citigroup · Andrew Anagnost · China Renaissance · Nvidia

Timeline

11 days ago

[BUSINESS] 3 sources
NVIDIA and Autodesk see updated analyst price targets
Analysts have updated price targets for NVIDIA and Autodesk, with several firms maintaining bullish outlooks on NVIDIA's AI momentum and Autodesk's market position.
15 days ago

[BUSINESS] 2 sources
Autodesk raises full-year outlook after exceeding Q2 earnings
Autodesk exceeded fiscal 2027 second-quarter guidance, prompting a raised full-year outlook for revenue and billings driven by a new transaction model and its “project intelligence” strategy.

Sources

newsable.asianetnews.com · seekingalpha.com · stocknews.com · tradingview.com