ADSK Stock Forecast: Why Investors Should Raise Their Bets On Autodesk

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Walmart Share Price Forecast

  • I reiterate my buy rating for Autodesk’s stock. May last buy endorsement for it was last September. ADSK’s price has shot by up by 33%.
  • The strong growth in software subscription fees indicates Autodesk has found a better sustainable business model than selling boxed software.
  • The fast-growing global video games industry is a strong tailwind for Autodesk. Game developers rely heavily on Autodesk 3D software products for creating game assets and special effects.
  • AutoCAD and other architectural/BIM software products of Autodesk have a massive tailwind from the $11 trillion/year global spending on construction.
  • I Know First’s stock picking algorithm has a bullish one-year market trend forecast for Autodesk’s stock.

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