Autodesk, Inc.’s Stock Price Drops to $247.29, Marking a 5.14% Decrease: Is This a Buying Opportunity?

Autodesk, Inc. (ADSK)

247.29 USD -13.41 (-5.14%) Volume: 1.82M

Autodesk, Inc.’s stock price stands at 247.29 USD, experiencing a dip of -5.14% this trading session, with a trading volume of 1.82M. Despite today’s decline, ADSK’s YTD performance remains positive, showing a modest gain of +1.48%.

Latest developments on Autodesk, Inc.

Autodesk Inc‘s (NASDAQ:ADSK) stock price has seen noticeable fluctuations recently due to a series of key events. The technology sector giant’s position was significantly boosted by Ameriprise Financial Inc., while Glenmede Trust Co. NA and Shelton Capital Management increased their holdings by 14,074 and 5,164 shares respectively. Despite underperforming compared to competitors on Monday, the company’s stock hit a new 12-month high following an earnings beat. Additionally, Autodesk’s Full Year 2024 Earnings exceeded expectations, and short interest in the company decreased by 22.3%, further influencing the stock’s movement.

Autodesk, Inc. on Smartkarma

Autodesk Inc has received mixed analyst coverage on Smartkarma, an independent investment research network. Value Investors Club reported a bearish lean on the company’s stock, citing negative sentiment and underperformance in the past year. However, they also noted that despite a decrease in Fwd. EBITDA multiples, Autodesk is well-positioned for long-term earnings growth. On the other hand, Baptista Research has a bullish lean on the stock, highlighting the company’s strong performance in the third quarter, with a 10-13% growth in total revenue and positive results across product categories and regional segments. They also noted that Autodesk managed its capital allocation efficiently, repurchasing shares and focusing on disciplined profit and cash flow growth.

A look at Autodesk, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Autodesk Inc, a leading supplier of PC software and multimedia tools, has received a positive long-term outlook based on its Smartkarma Smart Scores. The company has received a score of 2 for value, indicating its potential for growth and profitability. Additionally, Autodesk has received a score of 3 for both growth and resilience, showcasing its ability to adapt and innovate in the ever-changing market. With a score of 3 for momentum as well, the company is expected to continue its upward trajectory in the future.

Autodesk Inc‘s software products, which are used in various industries and for different applications, are sold globally through a network of dealers and distributors. The company’s strong scores in value, growth, resilience, and momentum highlight its potential for long-term success. With a score of 1 for dividend, the company may not be a top choice for investors seeking regular dividend payments, but its overall outlook remains positive. As a leader in its field, Autodesk Inc is well-positioned to continue its growth and success in the years to come.

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