Wells Fargo Trims PT On Autodesk (ADSK) to $330 from $350, Reiterates “Overweight” Rating

With important hedge money interest, Autodesk, Inc. (NASDAQ:ADSK) secures a spot connected our database of the 10 champion SaaS stocks to bargain according to hedge funds. As of Q1 2026, 67 hedge funds held bullish positions successful the stock, representing $3.17 cardinal successful aggregate value, arsenic per Insider Monkey data.

On May 28, 2026, Autodesk, Inc. (NASDAQ:ADSK) announced a $3.6 cardinal woody to get MaintainX, a attraction and operations bundle firm. MaintainX expects to execute much than $135 cardinal successful annualized recurring gross for 2026. Autodesk plans to money the transaction with a operation of currency connected manus and indebtedness financing, with the woody expected to adjacent aboriginal this fiscal year. CEO Andrew Anagnost said the extremity is to bring operational expertise, contextual data, and workflows that heighten Autodesk’s quality to usage AI to converge integer and carnal worlds.

The announcement came alongside first-quarter results.

Autodesk reported gross of $1.93 billion, supra the expert estimation of $1.89 billion. Adjusted EPS came successful astatine $2.99, topping the $2.84 consensus. Autodesk, Inc. (NASDAQ:ADSK) besides raised its fiscal 2027 outlook, guiding for gross of $8.16 cardinal to $8.22 billion, up from its anterior scope of $8.10 cardinal to $8.17 billion. Adjusted EPS guidance was lifted to $12.40 to $12.65, from $12.29 to $12.56 previously. Shares were down astir 3% successful extended trading pursuing the report.

On May 29, 2026, Wells Fargo lowered its terms people connected Autodesk to $330 from $350 portion keeping an “Overweight” rating. The steadfast called the 4th cleanable but said it expects the high-multiple acquisition to rise questions astir the halfway concern trajectory arsenic exemplary tailwinds statesman to fade. The steadfast said it continues to favour Autodesk, Inc. (NASDAQ:ADSK)’s extremity markets and ascendant competitory presumption and sees a lawsuit for strategical fit.

Autodesk, Inc. (NASDAQ:ADSK) designs bundle and related services, known for products specified arsenic AutoCAD, BIM Collaborate Pro, Revit, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Shotgun, and 3ds Max.

While we admit the imaginable of ADSK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock. READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years. Disclosure: None. Follow Insider Monkey connected Google News.