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Baird Lifts Autodesk, Inc. (ADSK) Price Target on Solid Q3 Results

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.

While we acknowledge the potential of ADSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADSK and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

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

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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