Top 9 AI News and Ratings Sending Shockwaves

3. Autodesk Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 70

Autodesk Inc. (NASDAQ:ADSK) is a technology company that develops and offers 3D design, engineering, and entertainment software. Professionals and amateurs use its software to design, visualize, and simulate ideas. In addition, the company is integrating artificial intelligence features to enhance its design and engineering software by providing predictive insights and automating repetitive tasks. On February 19, Baird analyst Joe Vruwink reiterated an Outperform rating on the stock while increasing the price target to $345 from $330.

The price hike comes amid growing optimism that Autodesk Inc.’s (NASDAQ:ADSK) long-term fundamental outlook remains solid despite differing from the short-term stock set-up. While the company’s guidance appears conservative, Vruwink believes significant margin improvements underscore why the stock is a buy. Autodesk is making significant investments in cloud computing and artificial intelligence (AI) to spur future expansion and keep its competitive edge. It also intends to monetize generative AI (GenAI) through new features and products and is using AI to increase productivity across its product line.