Baird Lifts Autodesk, Inc. (ADSK) Price Target on Solid Q3 Results

Core Viewpoint - Autodesk Inc. is recognized as a leading augmented reality stock, with Baird raising its price target to $377 following strong Q3 results that surpassed expectations [1][2]. Financial Performance - Autodesk reported robust third-quarter fiscal 2026 results, with revenue increasing by 18% year over year to $1.85 billion, and billings rising by 21% to $1.855 billion [2]. - The company anticipates fourth-quarter revenue between $1.90 billion and $1.92 billion, with earnings per share projected between $2.59 and $2.67 [3]. Business Segments - The exceptional performance in the Architecture, Engineering, and Construction (AECO) sector significantly contributed to Autodesk's strong results [2][3]. - Autodesk's tools, such as Construction Cloud and Fusion 360, integrate augmented reality into workflows, enhancing collaboration and project management across various industries [4]. Strategic Initiatives - Autodesk has enhanced its augmented reality capabilities through acquisitions and partnerships, positioning itself as a key enabler of AR in professional settings [4].