Software Stocks Retreat Amid Broader Market Weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Jan 26
Source: NASDAQ.COM
Autodesk Inc's stock fell 3.00% as it hit a 20-day low, reflecting broader market pressures.
The decline in Autodesk's stock is part of a larger trend where software stocks are retreating, particularly after Salesforce's stock dropped over 7% following the preview release of a new tool by AI startup Anthropic. This has raised concerns about the software sector and negatively impacted overall market sentiment, contributing to Autodesk's price movement.
The implications of this trend suggest that Autodesk may continue to face challenges in the near term, especially if the broader market remains under pressure and investor sentiment does not improve.
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: 268.330
Low
330.00
Averages
373.71
High
400.00
Current: 268.330
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.
