Stock Forecast Based On a Predictive Algorithm | I Know First |Autdesk Archives - Stock Forecast Based On a Predictive Algorithm

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

The 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.

Summary:

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.