Autodesk: Buy On Accelerating Growth And Improved Certainty (Rating Upgrade)

JHVEPhoto In my last article on Autodesk (NASDAQ:ADSK) from September 2023, I gave the stock a Hold rating, driven primarily by valuation concerns. Back then, Autodesk traded at about $200, much higher than the fair price based on the DCF analysis, which was $170-180 at the time. Since then, the stock went through a volatile period, rising to more than $250 and falling back to $200 in just several months. The drop seemed to be primarily caused by the internal investigation which led to a delay in filing ...