From Yahoo Finance: 2025-05-26 14:50:00

BMO Capital Markets raised Autodesk, Inc. (ADSK) stock price target to $333, maintaining a “Market Perform” rating on May 23. The adjustment came after the company exceeded expectations in FY 2026 billings and showcased a positive business model transition.

In Q1 2026, Autodesk saw billings of $1,434 million, a 29% YoY growth largely driven by the shift to annual billings for multi-year contracts and the new transaction model. The new transaction model contributed $105 million to billings in the quarter.

Autodesk, Inc. (ADSK) demonstrated resilience in demand conditions amid a challenging macroeconomic environment. BMO Capital’s analyst mentioned the company factored in incremental conservatism in its billings guidance for the fiscal year.

Autodesk, Inc. (ADSK) expects billings between $7,160 million – $7,310 million, revenue between $6,925 million – $6,995 million, and FCF of $2,100 million – $2,200 million for FY 2026. The company offers 3D design, engineering, and entertainment technology solutions.

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Read more: BMO Capital Maintains Market Perform rating on Autodesk (ADSK), Lifts PT