On January 13, Piper Sandler analyst Clarke Jeffries reiterated an Overweight rating on Autodesk, Inc. (NASDAQ: ADSK) stock, setting a price target of $373.00. The firm has designated Autodesk as one of its "Top Picks for 2026" in a recent analyst note.
According to the firm, Autodesk has made considerable progress in implementing generative AI solutions for architecture, engineering, construction, and manufacturing industries. The company has achieved remarkable strides in operationalizing AI technologies over a few years. This transition represents a meaningful monetization change in industries that have long relied on seat-based, file-format desktop tools.
The firm noted that Autodesk has shown "durable double-digit underlying growth with even some modest acceleration in 2025" despite challenging macroeconomic conditions. Its growth trajectory reflects a robust stock compared to its position a few years ago.
Autodesk, Inc., a multinational software corporation, uses generative AI technology to drive innovation across design, construction, manufacturing, and entertainment industries.