{
  "id": 3913037,
  "title": "Guggenheim raises Autodesk stock price target on strong quarter",
  "url": "https://urgent.news/2026/08/28/guggenheim-raises-autodesk-stock-price-target-on-strong-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T06:50:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/guggenheim-raises-autodesk-stock-price-target-on-strong-quarter-93CH-4880572"
  },
  "original_language": "en",
  "account": "Autodesk stock (NASDAQ:ADSK) saw its price target raised by Guggenheim to $283 from $277 following strong second-quarter results. The company reported billings and revenue that surpassed consensus estimates by 2% and 1.7% respectively. Autodesk's free cash flow and non-GAAP earnings per share also exceeded estimates. The firm showed impressive revenue growth of 18% over the past year, while adjusted New ACV declined by 40% year-over-year in the quarter. The price target raise of about $40 million is attributed to improved demand conditions. Autodesk maintained a Buy rating with full-year revenue guidance increased by $135 million, including $60 million from the MaintainX acquisition and $36 million from strong second-quarter performance. The company reiterated non-GAAP margin guidance but lowered GAAP margins to account for the acquisition. Management forecasted year-over-year margin improvement in fiscal 2028 and reiterated a 41% target for fiscal 2029. Autodesk's stock appears undervalued, with impressive gross profit margins of 92%.",
  "summary": null,
  "key_points": [
    "Guggenheim raises Autodesk stock price target to $283 from $277",
    "Company's revenue and billings exceed estimates by 2% and 1.7%",
    "Autodesk forecasts $135 million in full-year revenue growth"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}