J.P. Morgan Upgrades Autodesk to Overweight, Downgrades PTC to Underweight
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Autodesk Upgrade: J.P. Morgan upgraded Autodesk from Neutral to Overweight with a price target of $319, highlighting its leadership in design and BIM software, rapid adoption of cloud and AI technologies, and positioning to capture larger market share in high-growth areas like data centers and infrastructure.
- PTC Downgrade: PTC's rating was downgraded to Underweight with a price target reduced from $205 to $162, as analysts noted its strategic narrowing and focus on legacy CAD and PLM, which diminishes growth options and exposes the company to risks as customer needs evolve.
- Accelerated Technological Change: Analysts emphasized Autodesk's forefront position in AI integration, enabling design optimization, rapid data access, and predictive modeling that streamline workflows and reduce project timelines, with customer feedback indicating a trend towards standardization on Autodesk for design and compliance needs.
- Intensified Market Competition: PTC faces strong competition from Siemens and Dassault in the PLM space, with analysts noting that its desktop-heavy CAD business and slow cloud evolution further weaken its competitive position, while customer dissatisfaction with reduced flexibility may lead them to explore alternative vendors.
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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: 252.870
Low
330.00
Averages
373.71
High
400.00
Current: 252.870
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.
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