Analyst Continues to Back Autodesk (ADSK) Amid Consistent Growth Momentum

Autodesk Inc. (NASDAQ:ADSK) is among the best stocks you’ll wish you bought sooner. On November 28, Taylor McGinnis, an analyst at UBS, lifted the price target on Autodesk from $385 to $400 while maintaining a Buy rating. The analyst based his update on the company’s operating consistency and its ability to sustain low-teens growth, supported by solid demand visibility and improved margins.

Earlier on November 25, Autodesk Inc. (NASDAQ:ADSK) reported its third-quarter fiscal 2026 results, where both revenue and adjusted EPS exceeded consensus. The company delivered 18% constant-currency revenue growth, taking revenue to $1.85 billion. EPS came in at $2.67. For the fourth quarter, management is guiding for roughly 11% adjusted revenue growth and 18% adjusted billings growth.

McGinnis reviewed the company’s third-quarter fiscal 2026 results, which, in his view, indicated that demand momentum remains intact. While fiscal 2027 guidance has not yet been issued, the company hinted that billings growth should initially remain elevated before normalizing in line with underlying revenue trends.

The analyst highlighted that the company increased its fiscal 2026 operating margin guidance by 50 basis points to 37.5% and argued that this demonstrates its margin performance has strengthened, supported by ongoing efficiency improvements and tight execution.

Autodesk Inc. (NASDAQ:ADSK) is a design and engineering software company that serves the architecture, engineering, construction, manufacturing, and media industries. Its flagship products include AutoCAD, Revit, and Fusion 360.

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Disclosure: None. This article is originally published at Insider Monkey.