Autodesk Under Fire: Activist Investor Demands Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
0mins
Should l Buy ADSK?
Source: Benzinga
Activist Investor's Influence: Autodesk shares rose after activist investor Starboard called for improvements, highlighting seven years of unmet financial targets and urging the Board to reassess CEO Andrew Anagnost's performance.
Financial Goals and Projections: Starboard proposed that Autodesk focus on enhancing operating margins, aligning executive compensation with shareholder value, and aims for significant financial growth, projecting over 45% adjusted operating margins and $3.4 billion in adjusted EBITDA by FY2027.
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Analyst Views on ADSK
Wall Street analysts forecast ADSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADSK is 373.71 USD with a low forecast of 330.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 238.060
Low
330.00
Averages
373.71
High
400.00
Current: 238.060
Low
330.00
Averages
373.71
High
400.00
About ADSK
Autodesk, Inc. is engaged in three-dimensional (3D) design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its architecture, engineering, construction and operations products improve the way building, infrastructure, and industrial projects are designed, built, and operated. Its product development and manufacturing software provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, manufacturing, and production solutions. Its product offerings include AutoCAD Civil 3D, Autodesk Build, BIM Collaborate Pro, Revit, Tandem, AutoCAD, AutoCAD LT, Inventor, Vault, Maya, and 3ds Max. AutoCAD Civil 3D solution offers a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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