Autodesk Breaks Above Key Moving Averages on Earnings Pop. Should You Buy ADSK Stock Here?

Core Viewpoint - Autodesk (ADSK) reported strong Q3 financials, exceeding market expectations, and raised its full-year revenue guidance to at least $7.15 billion from a previous estimate of $7.075 billion, indicating confidence in operational execution and demand driven by digital transformation and AI [1][3][4]. Financial Performance - Autodesk's stock closed positively on November 26, showing upward momentum as it traded above its 50-day and 100-day moving averages [1]. - Despite a post-earnings rally, Autodesk's stock is only up 2% year-to-date [2]. - The company achieved a 100 basis points year-over-year increase in margin, reflecting operational efficiency [5]. Analyst Ratings and Price Targets - Baird analysts reiterated an "Outperform" rating for Autodesk, raising the price target to $377, suggesting a potential upside of 25% from current levels [4]. - The investment firm noted that Autodesk shares are relatively inexpensive at a sales multiple of about 10x, especially with anticipated benefits from AI [6]. Future Outlook - Wall Street analysts expect a strong year ahead for Autodesk, contrasting with a muted performance in 2025 [7][8]. - Barchart's options data indicates potential upside for ADSK to $337 by the end of Q1 next year [6].