Top 5 3D Printing Companies in the World

1. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 53

Autodesk, Inc. (NASDAQ:ADSK) is an American multinational software company. Two of the company’s most popular software for additive manufacturing and simulation include Netfabb and Fusion 360.

Citi identified Autodesk, Inc. (NASDAQ:ADSK) as one of its most alluring stocks two weeks ago. The financial services firm praised the company’s fundamentals, investor confidence, and value. Since its establishment, Autodesk, Inc. (NASDAQ:ADSK) has experienced almost unrestricted growth. Over the last five years, the company’s revenue has more than doubled. Autodesk, Inc. (NASDAQ:ADSK) has a predominately subscription-based revenue model that promotes long-term growth due to its customers’ strong brand loyalty and high switching costs.

Analysts have given Autodesk, Inc. (NASDAQ:ADSK) stock a consensus rating of Buy with a price target of $243.52. The target suggests a potential one-year return of 15%.

Autodesk, Inc. (NASDAQ:ADSK) was discussed in the Q4 2021 investor letter of Polen Capital. Here’s what the investment management firm said about the company:

“We added to Autodesk on share price weakness. Near-term concerns have made the valuations of the company quite attractive in our view. Autodesk has consistently reported solid results, but management recently provided lower than expected guidance, noting supply chain issues, inflation squeezing its customer margins, global labor shortages, and complications from rolling and unpredictable COVID lockdowns globally. In aggregate, these issues mean that fewer client projects have been completed, despite high endmarket demand. Ultimately, many of these productivity pressures will likely drive the need to digitize further.

To be clear, much of the pressure on Autodesk’s share price recently was due to expectations, not a decline in the fundamentals of the business. The company continues to grow revenues at greater than mid-teens rates while simultaneously enjoying record renewal rates. While each of the noted factors present real challenges in the near term, we think the lower share price provides long-term investors an opportunity. Given the secular trend towards digitization and the ever-increasing mission-critical nature of Autodesk’s products, we are confident in the long-term investment case.”

You can also take a peek at the 10 Stocks That Billionaire Philippe Laffont Is Selling and the Top 10 Stock Picks of Minerva Advisors.

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