William Blair analyst Dylan Becker maintains $Autodesk (ADSK.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 66.2% and a total average return of 12.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autodesk (ADSK.US)$'s main analysts recently are as follows:
Following attendance at Autodesk University, insights were gained from discussions with partners, customers, and management. Autodesk is focused on a long-range strategy for AI monetization, aiming to widen the value proposition gap through an expanded product portfolio and significant productivity improvements. Partners generally echoed Autodesk's sentiments regarding its transaction model. The market demand is perceived as steady yet subdued, with a cautiously optimistic outlook toward 2025. There was affirmative feedback about Autodesk Construction Cloud (ACC) and its enhanced competitive stance relative to Procore.
The transition in Autodesk's business model is anticipated to facilitate a smoother trajectory for renewed revenue expansion and the potential to achieve a 30% margin in free cash flow. The company's longstanding position as a dominant force in the design sector has been marked by sustained double-digit revenue increases at a large scale. Further, Autodesk's strategy has been to grow its fundamental areas of strength into adjacent markets while shifting its model towards recurring revenue, thereby forging a sturdier foundation for the enterprise.
Note:
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