Autodesk Inc

ADSK: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Autodesk Earnings: Robust Demand Underpins Raised Outlook; Increasing Our Fair Value Estimate

Eric Compton ,

Nov 27, 2024

We have increased our fair value estimate for wide-moat Autodesk to $290 per share from $275 following strong third-quarter results that exceeded our top- and bottom-line estimates. The solid performance was driven by momentum in the construction market, healthy billings growth, and progress on the new transactional model. Despite all the positive developments this quarter, the share price dipped 8% after hours. This drop brought the shares roughly in line with our updated fair value estimate.

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Autodesk Inc

Autodesk Earnings: Robust Demand Underpins Raised Outlook; Increasing Our Fair Value Estimate

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