10 AI Stocks Every Investor Should Watch

7. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 73

Autodesk, Inc. (NASDAQ:ADSK) is one of the 10 AI Stocks Every Investor Should Watch. On October 9, BMO Capital has reiterated its Market Perform rating on the stock with a price target of $333.00. The rating affirmation follows discussions with Autodesk’s management which has given it a clearer picture of the company’s strategic direction.

BMO emphasized how ADSK is coming out of a “decade of transformation.” The firm said it is likely that there will be improved visibility on Autodesk’s financial model in fiscal year 2027 and beyond, noting how earlier investments in engineering are “ready to harvest.”

Management discussions were largely focused on drivers of durable growth in construction, infrastructure, and manufacturing sectors. Updates on Autodesk’s artificial intelligence product ambitions were also discussed.

Overall, the firm has deemed Autodesk’s AI monetization strategies to be “intriguing,” but also simultaneously warned that the financial impact of these initiatives “may take time to build.”

Autodesk, Inc. (NASDAQ:ADSK), a multinational software corporation, leverages generative AI technology to drive innovation across the design, construction, manufacturing, and entertainment industries.