BMO Capital Maintains Market Perform rating on Autodesk (ADSK), Lifts PT
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.
While acknowledging ADSK’s growth potential, some believe other AI stocks offer greater promise and limited downside risk. For those seeking AI stocks with 100x upside potential, a report on the “cheapest AI stock” is available.
Read more: BMO Capital Maintains Market Perform rating on Autodesk (ADSK), Lifts PT