10 Oversold Stocks Offering High Upside

7. Autodesk Inc. (NASDAQ:ADSK)

Autodesk Inc. (NASDAQ:ADSK) is one of the 10 oversold stocks offering high upside.

On June 15, Autodesk Inc. (NASDAQ:ADSK) announced adjustments to its existing Revolving Credit Facility. The company increased its borrowing capacity to $2 billion from $1.5 billion, executed with a banking syndicate involving major names such as Citibank, Morgan Stanley, BNP Paribas, and BofA Securities.

Autodesk will utilize the arrangement to finance its potential acquisitions, share buybacks, working capital needs, and major capital expenditures. The arrangement involves a zero percent rate floor linked to SOFR, along with margins that will depend on the company’s credit ratings. Autodesk also has provisions to expand the arrangement in the future, as per its requirements.

Back on May 29, RBC Capital reduced the target price on Autodesk Inc. (NASDAQ:ADSK) from $335 to $305. The firm maintained an Outperform rating on the stock. The firm noted that investor concerns about growth and profitability have surfaced, following the company’s acquisition of MaintainX. The acquisition, valued at $3.6 billion, was Autodesk’s largest to date.

However, RBC Capital also highlighted that the company delivered solid outperformance during the recent quarter. It stated that Autodesk remains well-positioned to lead the innovation in industrial AI. Potential risks of margin dilution are anticipated to be absorbed in operating margin estimates for FY2027 and FY2029.

Autodesk Inc. (NASDAQ:ADSK) is involved in the engineering, provision of 3D design and entertainment technology solutions. The company offers Autodesk BIM Collaborate Pro, AutoCAD Civil 3D, Autodesk Build, Revit, and Tandem. It also sells AutoCAD LT, AutoCAD software, Fusion, Inventor, Vault, Flow Production Tracking, and Maya software.