10 AI News And Ratings on Wall Street’s Radar

2. Autodesk Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 70

Autodesk Inc. (NASDAQ:ADSK) offers diverse software products and services, including 3D design tools for several industries, including engineering, construction, manufacturing, and entertainment. The company is integrating AI across its products and services to boost customer experience, improve workflows, automate documentation, and improve decision-making while reducing labor-intensive processes.

On January 28th, Mizuho analyst Siti Panigrahi upgraded Autodesk Inc. to “Outperform” from “Neutral” and raised its stock price target to $400 from $280. The brokerage said that with the “smooth rollout” of the new transaction model, Autodesk Inc. (NASDAQ:ADSK) could achieve $10 billion in revenue by FY29, pushing its five-year annual growth rate to 13% from 11% and delivering $15 in FCF per share alongside 400 bps of margin expansion, despite transition-related financial impacts. Analysts see an upside to consensus estimates due to positive channel checks and macro trends alongside signs of a recovery in industry data, further boosting the company’s fundamentals.