Long Trade Idea
Enter your long position between $220.69 (yesterday’s intra-day low) and $227.79 (yesterday’s intra-day high).
Market Index Analysis
Autodesk (NASDAQ:ADSK) is a member of the NASDAQ 100 Index and the S&P 500 Index.
Both indices retreat from their all-time highs, supported by rising bearish trading volumes.
The Bull Bear Power Indicator for the NASDAQ 100 Index is bearish and remains below its descending trendline.
Market Sentiment Analysis
Equity futures are falling this morning amid renewed conflict between the US and Iran, while US President Trump claims a deal is days away, as he has done for several weeks. While oil prices remain well off their 2026 peak, they are still over 50% higher, and could force the US Federal Reserve, once again behind the curve, into an interest rate hike, threatening to derail the AI frenzy. Investors will also receive May’s CPI report before and Oracle earnings after the bell today.
Top Regulated Brokers
Autodesk Fundamental Analysis
Autodesk is a multinational software company best known for AutoCAD, a computer-aided design software used by architects, engineers, and designers to create models of buildings and structures.
So, why am I bullish on ADSK despite its post-earnings drop?
Autodesk reported revenues of $1.93 billion and earnings per share of $2.99, ahead of expectations calling for $1.89 billion and $2.84, respectively. I am bullish amid the $3.6 billion MaintainX acquisition, as it engages asset engagements from years to decades, capturing roughly three-quarters of a project's lifetime costs. Its ongoing implementation of AI agents to tackle administrative and risk-management tasks, plus its recurring revenue potential, adds to my bullishness.
Metric | Value | Verdict |
P/E Ratio | 32.76 | Bullish |
P/B Ratio | 15.23 | Bearish |
PEG Ratio | 0.88 | Bullish |
Current Ratio | 0.83 | Bearish |
ROIC-WACC Ratio | Positive | Bullish |
Autodesk Fundamental Analysis Snapshot
The forward price-to-earnings (P/E) ratio of 32.76 makes ADSK an inexpensive stock. By comparison, the P/E ratio for the NASDAQ 100 Index is 35.69.
The average analyst price target for ADSK is $319.27. This suggests excellent upside potential with decreasing downside risks.
Autodesk Technical Analysis
Today’s ADSK Signal
Autodesk Price Chart
The ADSK D1 chart shows price action approaching a horizontal support zone.
It also shows price action above its descending Fibonacci Retracement Fan.
The Bull Bear Power Indicator is bearish but close to its ascending trendline.
The average bullish trading volumes are higher than the average bearish trading volumes.
ADSK corrected more than the NASDAQ 100 Index, a bearish signal, but bullish catalysts are accumulating.
My ADSK Long Stock Trade
ADSK Entry Level: Between $220.69 and $227.79
ADSK Take Profit: Between $264.75 and $271.12
ADSK Stop Loss: Between $201.82 and $208.84
Risk/Reward Ratio: 2.34
Ready to trade our analysis of Autodesk? Here is our list of the best stockbrokers worth checking out.