Autodesk Analysts Boost Their Forecasts After Better-Than-Expected Q1 Earnings

Core Insights - Autodesk Inc. reported better-than-expected first-quarter financial results, with earnings of $2.29 per share and revenue of $1.63 billion, surpassing analyst estimates [1][2] - The company issued strong guidance for the second quarter, expecting adjusted EPS between $2.44 and $2.48 and revenue between $1.72 billion and $1.73 billion, both above analyst estimates [2] - Autodesk raised its fiscal 2026 adjusted EPS guidance to a range of $9.50 to $9.73 and revenue guidance to between $6.92 billion and $7 billion, also exceeding estimates [3] Analyst Ratings and Price Targets - Rosenblatt analyst maintained a Buy rating and raised the price target from $340 to $345 [8] - DA Davidson maintained a Neutral rating and increased the price target from $265 to $305 [8] - Morgan Stanley maintained an Overweight rating and raised the price target from $330 to $370 [8] - Keybanc maintained an Overweight rating and increased the price target from $323 to $350 [8] - Barclays maintained an Overweight rating and raised the price target from $325 to $355 [8] - Stifel maintained a Buy rating and increased the price target from $310 to $350 [8] - BMO Capital maintained a Market Perform rating and raised the price target from $324 to $333 [8] - Goldman Sachs maintained a Neutral rating and boosted the price target from $270 to $300 [8] - B of A Securities maintained a Neutral rating and raised the price target from $290 to $330 [8]