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BTIG Sees Expanding TAM and Margin Upside for Autodesk (ADSK)
Yahoo Finance· 2025-12-23 08:01
Core Viewpoint - Autodesk, Inc. (NASDAQ:ADSK) is recognized as a significant player in the AI stock market, with BTIG initiating coverage and assigning a "Buy" rating along with a price target of $365.00, driven by expectations of durable growth from product expansion [1] Group 1: Company Position and Offerings - Autodesk maintains a strong position in CAD and BIM software, with ongoing expansion into industry-specific cloud collections such as Forma, Fusion, and Flow [1] - The new offerings are designed to attract more users and enhance workflows across Design, Make, and Operate, which will significantly increase Autodesk's total addressable market and create new monetization opportunities [2] Group 2: Growth and Financial Outlook - The expansion of Autodesk's offerings is expected to facilitate continued and disciplined growth for the company [2] - Autodesk is making progress on its margin profile, with a feasible FY29 operating margin target of 41% [2] Group 3: Industry Context - Autodesk leverages generative AI technology to foster innovation across various sectors, including design, construction, manufacturing, and entertainment [2]