10 AI Stocks on Wall Street’s Radar

8. Autodesk Inc (NASDAQ:ADSK)

Autodesk Inc. (NASDAQ:ADSK) offers a range of software products and services, including 3D design tools for the architecture, engineering, construction, manufacturing, media, and entertainment industries. The company is integrating AI across its products and services to boost customer experience.

On January 8th, Piper Sandler upgraded the stock to an Overweight rating from Neutral and raised its target price per share to $357. Although the stock has faced downward pressures following the appointment of Janesh Moorjani and uncertainty over a “new transaction model” for higher billings and revenue, Piper Sandler analyst Clarke Jeffries maintained that the company has exited “the steepest part of the multi-year billings trough in FY24” and its FCF could increase by over 40% this year. He added that the company could “deploy cash more aggressively toward capital return policies in the coming year.”