Autodesk (ADSK) Reiterated at Buy by Stifel After Q2 Top and Bottom-Line Beats

Stifel analyst Adam Borg reiterated a Buy rating and $285.00 price target on Autodesk (NASDAQ: ADSK).

The analyst commented, "Lots of moving parts to Autodesk's F2Q27 print:(+) F2Q27 results: Autodesk beat all top-line and bottom-line metrics across the board(+/=) FY27 guidance: FY27 billings and revenue guidance goes up both organically beyond the beat (due to underlying business momentum) and inorganically (from MaintainX), with the midpoint of FCF guidance going down (-1%) as Autodesk absorbs most MaintainX expenses(+/=) GTM Changes: The impact from GTM changes are playing out as expected with continued improvements to come(+) Traction in focus areas: Ongoing traction with ACC, Fusion, etc.(=) Macro: Macro and the demand environment remains unchanged(-) Noise in RPO/cRPO: RPO/cRPO decelerated due to intentional changes around multi-year discounts and multi-year contracts (and would have seen more consistent results without these changes)(-/=) Reporting changes: With MaintainX in the fold, Autodesk is eliminating Design/Make segment disclosures and modifying Product Family disclosures.

For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.

Shares of Autodesk closed at $270.58 yesterday.

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