Autodesk (ADSK) PT Raised to $325 at Citi

Citi analyst Tyler Radke raised the price target on Autodesk (NASDAQ: ADSK) to $325.00 (from $316.00) while maintaining a Buy rating.

The analyst comments "We are updating our model post ADSK’s Q2 results which showed signs of macro/demand resiliency with incremental upside on margins. The Q saw most KPIs well above consensus with the exception of billings which was impacted by additional co-terming and seasonality impacts. While the quarter featured some moving parts with billings guidance (ex-transaction model) cut by ~2pts on co-terming (timing of billings moving into FY26 vs. FY25), we believe the effective raise on EBIT margins was the strongest takeaway- showing the company is potentially accelerating the “unlock” of margin efficiency. We reiterate our Buy rating and take our estimates to the high end of the new guidance and our TP moves to $325 from $316."

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