moneyheap
ADSK · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Autodesk Inc (ADSK) stock moving?
ADSK closed at $260.11 on Nov 10, about 7.6% above its $241.73 close on Oct 29 but roughly 4% below the $270.09 close on Nov 4. The stock peaked intraday at $279.24 on Nov 5 and has since pulled back as volume eased from about 3.8M shares on Nov 4-5 to about 2.1M on Nov 10. Two analyst actions support the stock: Jefferies raised its target to $325 from $300 on Nov 9, and BofA reaffirmed a Buy with a $300 target on Nov 10. Autodesk also published fiscal Q3 2027 results on Nov 10, but the supplied item contains no figures, so whether they beat or missed cannot be judged. The Nov 2 notice set the results call for Nov 24, which conflicts with a Nov 10 results release and leaves the detail of the report unclear. Product and partnership news (AI construction features, an IDC MarketScape leader placement, a JTC AI collaboration, and Big 5 Global participation) is positive for the franchise but has little direct price impact. Overall, analyst support and the recent rally are offset by the pullback from the Nov 5 high and the missing results detail.
News behind the analysis
- Analyst Maintains Buy Rating on AutodeskAnalyst Tomer Zilberman reaffirmed a 'Buy' rating on Autodesk with a $300 price target.
- Autodesk Reports Results for the Third Quarter of Fiscal Year 2027Autodesk released its fiscal Q3 2027 results. The news item gives no figures, so the outcome versus expectations cannot be assessed from it.
- Jefferies Adjusts Price Target on Autodesk to $325 From $300Jefferies raised its price target on Autodesk from $300 to $325.
- Autodesk and JTC Partner to Explore AI in Infrastructure Project DeliveryAutodesk and Singapore's JTC Corporation will investigate integrating artificial intelligence into infrastructure project delivery. No financial terms were disclosed.
- Autodesk Confirmed as Participant for Big 5 Global 2026Autodesk is confirmed to take part in the Big 5 Global construction industry event in Dubai in November 2026.
- If You Invested $1000 In Autodesk Stock 20 Years Ago, You Would Have This Much TodayAutodesk has beaten the market over 20 years by 1.7% annualized, with a 10.56% average annual return and a $52.17B market capitalization.
- Autodesk Announces Date for Third Quarter Fiscal 2027 Financial Results Conference CallAutodesk scheduled its fiscal Q3 2027 results conference call for November 24, 2026.
- Autodesk Announces New Construction Platform Capabilities and IDC MarketScape RecognitionAutodesk unveiled new AI-powered construction features at Autodesk University 2026 and was named a leader in the IDC MarketScape for construction management software.
- Autodesk Named a Leader in IDC MarketScape for Construction Management SoftwareAutodesk was placed in the Leaders category of the inaugural IDC MarketScape: Worldwide Construction Management Software 2026 Vendor Assessment.
About Autodesk Inc
Autodesk makes design and engineering software such as AutoCAD, Revit, Fusion and Maya, used by architects, builders, manufacturers and film and game studios. It is distinctive for its strong position in building and construction design software and for a platform that connects designing, building and operating physical assets, which it is expanding with AI features and the roughly $3.6 billion purchase of maintenance-software maker MaintainX in 2026.
How it makes money
Almost all of its revenue comes from recurring subscriptions to its software, sold directly and through resellers, including large enterprise agreements. By customer type, architecture, engineering, construction and operations (AECO) is the largest group, followed by AutoCAD, manufacturing, and media & entertainment. Quarterly revenue was roughly $2 billion in mid-2026, up about 16% from a year earlier.
What usually moves ADSK
- Construction and manufacturing activity
- Subscription billings and renewal rates
- Adoption and monetization of AI features
- Sales reorganization execution and margins
- Integration of the MaintainX acquisition