Morgan Stanley has revised its price target for Autodesk (ADSK, Financial), lowering it from $385 to $330 while maintaining an Overweight rating on the stock. This adjustment comes as the firm reassesses the risk and reward balance for numerous software companies, factoring in the uncertainty surrounding tariff risks and what has already been reflected in their share prices.
The decision underscores the ongoing challenges that international trade tensions pose to the tech industry, with Autodesk being one of many companies analyzed under these considerations. Morgan Stanley's move reflects a broader strategy to align expectations with current market conditions and potential future developments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Autodesk Inc (ADSK, Financial) is $324.42 with a high estimate of $400.00 and a low estimate of $270.97. The average target implies an upside of 23.45% from the current price of $262.81. More detailed estimate data can be found on the Autodesk Inc (ADSK) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Autodesk Inc's (ADSK, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Autodesk Inc (ADSK, Financial) in one year is $307.03, suggesting a upside of 16.83% from the current price of $262.805. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Autodesk Inc (ADSK) Summary page.
