Barclays Reiterates Buy on Autodesk, Inc. (ADSK), Keeps the PT

​Autodesk, Inc. (NASDAQ:ADSK) is one of the Best SaaS Stocks to Buy Right Now. On December 11, Saket Kalia from Barclays reiterated a Buy rating on the stock with a $390 price target. Earlier on November 28, Taylor McGinnis from UBS also reiterated a Buy rating on Autodesk, Inc. (NASDAQ:ADSK) and also raised the price target from $385 to $400.

​The positive outlook on the stock follows the company’s fiscal Q3 2025 earnings release on November 25. During the quarter, the company grew its revenue by 18.03% year-over-year to $1.85 billion, ahead of estimates by $46.47 million. Moreover, the EPS of $2.67 also topped estimates by $0.17. Management attributed strong quarterly performance to AECO outperformance and above-expectation results across the board.

​Notably, Autodesk, Inc. (NASDAQ:ADSK) also raised its full-year guidance and now expects revenue in the range of $7.150 billion and $7.165 billion, up from the previous guidance of $7.025 billion and $7.075 billion. GAAP operating margins expectation was also raised from a range of 21% – 22% to around 23% in the latest earnings release.

​Analyst Taylor McGinnis of UBS noted that the company’s revenue growth in the latest quarter, along with optimistic guidance for Q4 and the full-year, points towards sustainable growth. She added that although management has not yet provided full-year 2027 guidance, the company expects billings to remain elevated in the first quarter of 2027. McGinnis also likes the company’s disciplined execution, evident by a 3% increase in GAAP operating margin during Q3 and improved guidance for the full year.

​Autodesk Inc. (NASDAQ:ADSK) provides 3D design, engineering, and entertainment technology solutions worldwide.

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