13 Best Augmented Reality Stocks to Buy Right Now

5. Autodesk, Inc. (NASDAQ:ADSK)

Stock Upside Potential: 25.78%

Number of Hedge Fund Holders: 83

Autodesk Inc. (NASDAQ:ADSK) is one of the best augmented reality stocks to buy right now. On November 26, Baird raised its price target of Autodesk Inc. (NASDAQ:ADSK) stock to $377 from $367 while reiterating an Outperform rating. The price target hike follows the company’s strong third-quarter results that exceeded expectations.

The company delivered robust third-quarter fiscal 2026 results, driven by exceptional performance in Architecture, Engineering, and Construction (AECO). It also saw higher-than-expected upfront revenues and better-than-anticipated billings linearity. Revenue in the quarter was up 18% year over year to $1.85 billion, driven by a 21% increase in Billings to $1.855 billion.

“We delivered another strong quarter, highlighted by outperformance in AECO. Up-front revenue, the Autodesk Store, and billings linearity all exceeded expectations,” said Janesh Moorjani, Autodesk CFO. “The macroeconomic environment has been broadly stable, though uncertainty remains elevated, and we have so far successfully executed our sales and marketing optimization plan.”

For the fourth quarter, Autodesk expects revenue to range between $1.90 billion and $1.92 billion with earnings per share of between $2.59 and $2.67. Baird has touted the company’s revenue, which is expected to grow by 11%, leading to margin expansion exceeding 100 basis points year over year.

Autodesk, Inc. (NASDAQ:ADSK) is an AR enabler that integrates augmented reality into professional workflows for architecture, engineering, construction, and manufacturing. Its tools—such as Construction Cloud, VRED, Fusion 360, and Workshop XR—allow users to view 3D models in real-world settings, hold interactive design reviews, and enhance teamwork, training, and project collaboration. Autodesk has strengthened its AR capabilities through acquisitions like The Wild and IrisVR and partnerships with companies such as Esri. By embedding AR into its software ecosystem rather than producing hardware, Autodesk plays a key role in enabling augmented reality across industries.