Pro Research: Wall Street eyes Autodesk amid strategic shifts

investing.com:

Autodesk Inc . (NASDAQ:ADSK), a leader in 3D design, engineering, and entertainment software, continues to adapt to a dynamic market environment. The company's strategic initiatives, including a transition to an agency model and a focus on Enterprise Business Agreements (EBAs), have been subject to detailed analysis by financial institutions. These analyses inform the outlook on Autodesk's potential for cRPO (current remaining performance obligations) growth and its competitive positioning within the industry.

Analysts have responded positively to Autodesk's strategic changes, with updated «Overweight» ratings and increased price targets, reflecting confidence in the company's growth potential. The upward revision in price targets, with Barclays Capital Inc. setting the bar at USD 310.00, and Argus Research Company recently increasing their target to USD 300.00, indicates a bullish sentiment on Autodesk's stock. The company's market capitalization has been reported at approximately USD 55.2543 billion, underscoring its significance in the software sector.

The strategic shift to an agency model continues to be highly regarded by analysts, who anticipate improved margins and processing cost savings. The new model is expected to contribute to Autodesk's robust financial health. Positive EPS estimates have been adjusted, with projections of USD 7.48 for FY1 and USD 8.30 for FY2, reflecting a slight decrease from prior estimates but still indicating a healthy financial trajectory.

Autodesk's diverse portfolio serves various industries, with its Construction Cloud gaining momentum among executives. While certain sectors like data centers and infrastructure remain strong, the commercial real estate sector's weakness persists,