Autodesk (ADSK) Stock Forecast & Price Target

Autodesk is expected to report total revenue of $1,804.7 million for Q3, reflecting a year-over-year growth of 15%, largely driven by a 20% increase in the architecture, engineering, and construction (AEC) segment and a 9% rise in AutoCAD revenues. This consistent revenue growth is supported by robust activity in global civil infrastructure and data center projects, as well as healthy renewals from large customers. Furthermore, total billings growth of 21% year-over-year, alongside an increase in the revenue estimate for FY26 to $7,161 million, underscores a positive financial outlook for the company.

The financial outlook for Autodesk appears negative due to several fundamental challenges, including a modest decline in architecture firms' billings and expectations of reduced tailwinds from the transaction model change in FY27. Additionally, the company faces multiple downside risks such as deteriorating global macroeconomic conditions, increased competition, and significant difficulties in executing its go-to-market strategies. With ongoing high vacancy rates in US office spaces and weaker-than-anticipated commercial design activity, these factors are likely to hinder Autodesk's sales and margin growth through at least calendar 2026.