Autodesk (ADSK) Stock Forecast & Price Target

Autodesk is anticipating a robust Q3 total revenue of approximately $1,804.7 million, reflecting a 15% year-over-year increase, primarily fueled by a 20% rise in the Architecture, Engineering, and Construction (AEC) sector and a 9% increase in AutoCAD sales. The company has demonstrated significant resilience and growth potential, supported by strong billings growth of 21% year-over-year and ongoing demand from large customer renewals. Additionally, the strategic implementation of the direct billing model is expected to enhance revenue reporting, contributing to an upward revision of the FY26 revenue estimate to $7,161 million, indicating approximately 16.8% year-over-year growth.

Autodesk faces multiple headwinds that contribute to a negative outlook, including a modest decline in architecture firm billings and anticipated challenges related to transitioning its transaction model, particularly by FY27. The company is also experiencing increased competition and is at risk of losing market share, compounded by uncertainty in leadership and hurdles in executing its go-to-market strategies. Furthermore, ongoing issues such as high office vacancy rates in the U.S. are likely to dampen commercial design activity, with expectations of weak performance in this sub-segment extending into calendar 2026.