Analysts largely remained positive on the company’s long-term strategy, though the $3.6 billion MaintainX deal raised questions around integration and margin execution. • Autodesk stock is feeling bearish pressure. What’s behind ADSK decline?What Happened?The firm reported first-quarter results after Thursday’s closing bell, beating estimates on the top and bottom lines.Autodesk raised its fiscal 2027 adjusted EPS guidance to $12.40 to $12.60, versus the $12.51 analyst estimate, and raised its revenue outlook to $8.16 billion to $8.22 billion, versus the $8.15 billion estimate.Here are the analysts’ takes following the quarterly results:
RBC Capital Markets analyst Matthew Hedberg reiterated the Outperform rating on the stock, lowering the price target from $335 to $305.
BTIG analyst Nick Altmann maintained the Buy rating on the stock, with a price target of $300.
