Autodesk Appoints Mike Kelly as Chief Information Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy ADSK?
Autodesk announced Mike Kelly as its new Chief Information Officer. The company said, "As Autodesk prepares for its next chapter of growth, AI is reshaping how enterprises operate, and we are moving proactively to lead in that moment. Bringing on a dedicated CIO strengthens our enterprise technology leadership and execution, building the foundation that enables Autodesk to move faster, execute with confidence, and deliver AI-driven, high-impact outcomes for customers." Most recently, Kelly was Operating Partner and the first CIO at Andreessen Horowitz.
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Analyst Views on ADSK
Wall Street analysts forecast ADSK stock price to rise
23 Analyst Rating
21 Buy
2 Hold
0 Sell
Strong Buy
Current: 233.860
Low
319.00
Averages
373.10
High
400.00
Current: 233.860
Low
319.00
Averages
373.10
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, Building Connected, Revit, Tandem, AutoCAD, AutoCAD LT, Inventor, Vault, Maya, 3ds Max, Flow Production Tracking, among others. AutoCAD Civil 3D solution offers surveying, design, analysis, and documentation solution.
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.
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See More
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- Small Business Program Launch: On May 4, Autodesk introduced a program aimed at supporting freelancers and small teams in the Design and Make industries, addressing the challenges faced by 80% of owners in balancing business operations with actual work.
- Product Updates and Flexibility: The new Small Business Hub simplifies product exploration and will allow customers to purchase fewer Flex tokens later this year, thereby lowering upfront costs and enabling teams to scale usage according to project demands.
- Market Growth Trend: A recent State of Small Business report indicates that solopreneurs and micro firms in Design and Make grew nearly 10% in 2025, making Autodesk's launch strategically significant as it positions the company as a partner for independent professionals.
- Analyst Ratings and Market Confidence: Oppenheimer analysts reiterated an Outperform rating on Autodesk with a $325 price target, reflecting growing confidence in the company's competitive advantages in artificial intelligence, particularly its ability to leverage vast proprietary data and deep market context to develop smarter design solutions.
See More
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- Inflation Impact: The April PPI report indicated accelerating inflation, pushing the 10-year Treasury yield to 4.49%, effectively eliminating hopes for a rate cut in 2026, which raised the discount rate for long-duration growth earnings and led to a broad decline in tech stocks.
- Software Sector Pressure: With year-over-year increases in computer software prices, software companies are facing structural inflation pressures that could trigger a pullback in enterprise software spending, impacting the present value of long-term subscription revenues and compressing price-to-earnings multiples.
- Upstart Earnings Impact: Upstart reported a 44.4% year-over-year revenue growth to $308.2 million, exceeding expectations; however, a GAAP loss of $0.07 per share starkly contrasted with the anticipated $0.12 profit, leading to a 3.9% stock decline and reflecting investor caution about future performance.
- Market Overreaction: Despite the declines in tech stocks due to inflation data, the market's reaction may be excessive, presenting a potential buying opportunity for high-quality stocks, especially as current prices are 68.3% below their 52-week high.
See More
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- Rating Reinstatement: Bank of America has reinstated its Buy rating on Autodesk (ADSK), believing the company is well insulated from AI disruption, with a price target set at $300, reflecting confidence in its future performance.
- Technological Advantages: Analyst Tomer Zilberman highlighted Autodesk's structural advantages in data, 3D context, and a decade-long investment in AI, indicating a solid competitive position in the market.
- Revenue Growth Potential: The analyst noted that AI is viewed as an upsell opportunity for ADSK, with a tiered monetization strategy potentially driving average selling prices (ASPs) higher, supporting projected revenue growth beyond 13% and 10% year-over-year.
- Earnings Report Expectations: Autodesk is scheduled to release its first-quarter financial report on May 28, with consensus estimates calling for adjusted earnings per share of $2.84, GAAP EPS of $1.73, and revenue of $1.89 billion, indicating stability in financial performance.
See More
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- Citi Raises Broadcom Target: Citi raises Broadcom's price target from $475 to $500, applying a 20x multiple to FY28 EPS of $25, reflecting optimism about the company's earnings visibility and maintaining its status as the #1 semiconductor pick for 2026.
- JPMorgan Upgrades Braskem: JPMorgan upgrades Braskem to Overweight from Neutral, citing improved market fundamentals, tighter supply, and strengthened governance post-restructuring, which are expected to enhance profit margins in the chemical sector.
- Evercore Initiates Benitec Coverage: Evercore initiates coverage of Benitec Biopharma with an Overweight rating, highlighting significant upside potential in the rare disease market, suggesting promising investment opportunities ahead.
See More
U.S. Stocks Close Higher, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 rose by 0.84% and the Nasdaq 100 increased by 2.35%, reaching record highs, reflecting market optimism driven by robust corporate earnings despite concerns over the Iran conflict.
- Support from Employment Data: U.S. nonfarm payrolls for April increased by 115,000, surpassing expectations of 65,000, with March figures revised up to 185,000, indicating resilience in the labor market and further boosting stock prices.
- Decline in Consumer Confidence: The University of Michigan's May consumer sentiment index fell to a record low of 48.2, below the expected 49.5, highlighting economic uncertainty that could impact future consumer spending.
- Oil Market Volatility: Iran's seizure of an oil tanker in the Strait of Hormuz led to a rise in WTI crude prices, with expectations that this incident will affect global oil supply, potentially causing further price fluctuations.
See More
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- Strong Employment Data: US nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, indicating labor market resilience that supports stock market gains.
- Declining Consumer Confidence: Despite rising stock prices, the University of Michigan's May consumer sentiment index fell by 1.6 to a record low of 48.2, reflecting consumer concerns about the economic outlook, which could negatively impact future spending.
- Chip Stocks Lead Gains: Chipmakers like Micron and Qualcomm saw stock prices rise over 8%, driving the overall market higher, demonstrating the strong performance of tech stocks in the current market environment, although weakness in software stocks limited gains in the Dow.
- Oil Price Volatility Impact: WTI crude prices edged up slightly due to Iran seizing an oil tanker in the Strait of Hormuz, complicating market expectations for future oil prices, which may influence investment decisions in related sectors.
See More
