Autodesk Stock Forecast: ADSK Is A Buy Before Earnings

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.

Summary:

  • Autodesk will report its 3Q FY2020 earnings on November 26. I expect it to beat Wall Street’s EPS and revenue estimates.
  • I recommend ADSK as a buy before earnings gambit. This stock is now trading well below its 2019 high of $178.21. ADSK’s 6-month return is -13.63%.
  • If my bet that Autodesk will report better than expected 3Q FY2020 EPS and revenue numbers, ADSK might shoot up to $165 before December 31.
  • Autodesk’s rapid shift to subscription-based software marketing is paying off well. Its annual recurring revenue is now $3.07 billion. Recurring revenue now accounts for 96% Autodesk’s sales.

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Autodesk Stock Forecast: Prediction Missed, but Large Potential to Grow

Kun
The article was written by Kun Qiu, a Financial Analyst at I Know First.

Summary

  • Autodesk’s strategic shift from traditional software provider to innovation company was proven effective since the company’s revenue was steadily increasing.
  • Autodesk failed to reach the consensus EPS anticipation, but the non-GAAP earnings of fiscal 2020 first quarter per share $0.45 is far beyond $0.06 for the same quarter last year.
  • Autodesk’s stock price still has a large potential to grow if Autodesk could maintain its leading role in CAD industry and apply its core strategy successfully.

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ADSK Stock Forecast: Why Autodesk Has More Upside Potential

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.

Summary:

  • Autodesk’s stock already has a year-to-date return of +24.04%. I still reiterate a buy rating for this 3D/CAD/CAM software leader.
  • I argued six months ago that ADSK can shoot up to $200. This price target could turn out to be true within the next six months.
  • My fearless forecast is that Autodesk will soon return to consistent profitability after most of its customers switch to the subscription-only model.
  • More than 95% of ADSK shares are owned by institutional investors. Small retail investors can profit from imitating the stock picking bets of institutional investors.
  • The 30-day technical indicators and moving averages points to ADSK as a buy. I Know First’s AI stock picking algorithm also has a very bullish one-year forecast for ADSK.

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Autodesk Stock Forecast: Autodesk Can Shoot Up To $200

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

Summary:

  • The 15.3% one-day in Autodesk’s surge post-earnings validated my May 2018 call for investors to raise their bets on this company.
  • Like Adobe before it, Autodesk is eventually going to reap stronger cash flow and profitability from going full-bore on software subscription.
  • Autodesk only went all-out on software subscription last June 2017. As of July 31, 2018, Autodesk now touts 2.86 million software subscribers.
  • All or most of Autodesk’s customers will likely switch to subscription. Subscription will turn out to be more cost effective than perpetual license maintenance contracts.
  • Autodesk’s stock has a very bullish 12-month algorithmic forecast from I Know First. I Know First’s AI has a great history of correctly predicting one-year performance of ADSK.

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Autodesk Stock Predictions: Autodesk Still Has Upside Potential Of Up to 100%

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

ADSK Stock Predictions

Summary:

  • Autodesk’s stock has risen more than 107% since my previous go-long recommendation for it last July 4, 2016.
  • I am again reiterating that ADSK is still worth buying right now.
  • Autodesk’s successful transition of its software products to the Software-as-a-Service business model means it will continue to dominate CAD and 3D design software.
  • Like Adobe’s experience, monthly/annual subscription-based software distribution is a great way to minimize the impact of software piracy.
  • My buy rating for ADSK is strongly supported by the algorithmic forecasts of I Know First.

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