Guggenheim initiated coverage on Autodesk (ADSK) this week with a "Buy" rating and a $245 price target. The firm's analyst believes fiscal year 2027 estimates are achievable. The analyst also sees potential for upside.
This positive outlook stems from Autodesk's ability to surpass revenue and billings estimates. Guggenheim highlighted Autodesk's strong defenses against AI-driven disruption. The firm called its entrenched position and rich design data a "considerable moat." This makes Autodesk indispensable in applying AI to the design industry.