ADSK Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Autodesk Inc. (ADSK) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock is currently in a bearish trend, with technical indicators signaling oversold conditions but no clear reversal signs. Despite strong financial performance and positive analyst sentiment, insider selling and a lack of immediate positive catalysts suggest waiting for better entry points.
The stock is in a bearish trend with the MACD histogram at -1.706 (negatively expanding), RSI at 17.532 (oversold), and bearish moving averages (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level at S1: 222.325, with resistance levels at R1: 255.674 and R2: 265.975.
Strong financial performance in Q3 2026 with revenue up 18.03% YoY, net income up 24.73% YoY, and EPS up 25.98% YoY. Positive analyst sentiment with multiple buy ratings and high price targets, including JPMorgan's upgrade to Overweight and a $319 price target.
Significant insider selling activity, increasing by 180.26% over the last month. The stock is in a bearish trend with no immediate reversal signals. Broader market weakness as indicated by the S&P 500's -1.54% change.
Autodesk delivered strong Q3 2026 financials, with revenue increasing to $1.85 billion (up 18.03% YoY), net income rising to $343 million (up 24.73% YoY), and EPS growing to 1.6 (up 25.98% YoY). Gross margin also improved to 90.39%, up 0.65% YoY.
Analysts maintain a positive outlook on Autodesk, with multiple buy ratings and price targets ranging from $319 to $390. RBC Capital lowered its price target to $340 from $380 but maintained an Outperform rating. JPMorgan upgraded the stock to Overweight, citing leadership in design and AI-driven growth opportunities.
