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Autodesk, Inc. (NASDAQ:ADSK) is one of the AI Stocks in the Spotlight for Investors. On December 17, BTIG initiated coverage on the stock with a “Buy” rating and a price target of $365.00. The firm is positive on the stock as it sees durable growth for ADSK from product expansion.
Autodesk holds a strong position in CAD and BIM software, the firm noted. Besides its core portfolio, it has also been expanding and has created industry-specific cloud collections such as Forma, Fusion, and Flow.
These offerings by ADSK have been designed to encompass more users and streamline workflows across Design, Make, and Operate. The expansion will meaningfully expand ADSK’s total addressable market and also opened new monetization opportunities.
The opportunities will in turn pave way for continued and disciplined growth for the company.
“Lastly, ADSK continues to make strides on its margin profile, and we see ADSK’s FY29 OM target (+41%) as feasible.”
Autodesk, Inc. (NASDAQ:ADSK), a multinational software corporation, leverages generative AI technology to drive innovation across the design, construction, manufacturing, and entertainment industries.
While we acknowledge the potential of ADSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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