ADSK Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for ADSK's stock price next week:
Technical Analysis
- Current RSI (14) at 56.42 indicates a neutral momentum, neither overbought nor oversold
- MACD at -0.25 suggests slight bearish momentum in the short term
- Price is currently trading below the 60-day SMA of 299.44, indicating some downward pressure
- Fibonacci levels show key support at 283.10 and resistance at 300.45
News Impact
- Negative: The Architecture Billings Index (ABI) dropped from 49.6 to 44.1 in December 2024, indicating contraction in demand for architecture services. This could negatively impact Autodesk's future earnings as the company relies heavily on the architecture industry.
- Positive: Recent analyst coverage from UBS initiated with a Buy rating and $350 price target, suggesting long-term upside potential.
- Mixed: Recent insider trading shows 1 purchase vs 9 sales in past 6 months, indicating some caution from insiders.
Price Prediction for Next Week Target Price Range: $285-295
- Support level: $283.10 (Fibonacci S1)
- Resistance level: $300.45 (Fibonacci R1)
Trading Recommendation SELL with target entry at current levels ($294-296) Rationale:
- Weakening industry fundamentals (ABI decline)
- Bearish MACD signal
- Trading below 60-day SMA
- Heavy insider selling activity
- Set stop loss at $301 (above Fibonacci R1)
- Take profit at $285 (near Fibonacci S1)
ADSK Similar Chart Price Prediction
The price of ADSK is predicted to go up 3.28%, based on the high correlation periods with HTH. The similarity of these two price pattern on the periods is 94.32%.
ADSK
HTH
Up: 3.28%Similarity: 94.32%
ADSK Revenue Forecast
ADSK EPS Forecast
ADSK FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
ADSK VS S&P500
Autodesk should be able to expand its annual recurring revenue based on growing average revenue per subscriber as construction modernization calls for more complex design and modeling features.
Autodesk should be able to capture a significant portion of the 12 million people using pirated versions of its software (as estimated by the company).
Operating leverage could be greater than expected as Autodesk benefits from significantly lower costs in marketing and advertising as a percentage of sales, due to the takeoff of its eStore.
ADSK Analyst's Forecast
Taylor McGinnis
UBS
Strong Buy
Price Target
$350
Upside
+18.16%
UBS analyst Taylor McGinnis initiated coverage of Autodesk with a Buy rating and $350 price target. The firm views Autodesk as attractive given its "breadth of strong growth levers," including recovery tailwinds, cross-sell and share gains. It believes this can support upside to 2025 Street revenue growth estimates. UBS sees a 2025 recovery in the cyclical-sensitivity verticals of construction, design and engineering.
Tyler Radke
Citigroup
Strong Buy
Price Target
$358 → $361
Upside
+23.67%
Clarke Jeffries
Piper Sandler
Hold
Price Target
$257 → $311
Upside
+6.96%