Oct. 1 at 7:23 PM
HSBC upgraded Autodesk from Hold to Buy, raising its price target from
$343 to
$388, citing strong AI adoption and favorable capital spending trends. The bank switched its valuation method to target PEG, expecting Autodesk to monetize AI effectively and expand margins.
Key AI integrations include Autodesk Assistant and Auto Constrain in Fusion, where 90% of constraints were AI-generated and 60% accepted by users. HSBC highlighted the company’s large installed base and user-generated design repository as a “deep data moat.”
Macro trends are supportive, with Autodesk’s Architecture, Engineering & Construction segment, representing about half of FY26 revenue, growing 23.1% YoY in Q2.
$ADSK