Stifel Reiterates Buy Rating on Autodesk (ADSK)

Stifel analyst Adam Borg reiterated a Buy rating and $350.00 price target on Autodesk (NASDAQ: ADSK).

The analyst commented, "We spoke with three Autodesk platinum-level channel partners for a closer look at business trends ahead of Autodesk's F2Q26 print on 8/26.Checks were mixed, with all three partners below expectations, as two partners cited the macro and the third partner explained it was due to more business going direct than expected because of the new transaction model (which, while bad for the partner, is positive from an Autodesk perspective).Partners continue to navigate the new transaction model (and universally agree it is a good move by Autodesk), and noted that industry sentiment is unchanged-to-slightly improved, especially around the prospects of deregulation.While we acknowledge a smaller sample size and still-uneven partner feedback, we expect Autodesk to deliver at least in-line F2Q26 results and to at least reaffirm FY26 guidance."

For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.

Shares of Autodesk closed at $288.63 yesterday.

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