Autodesk Stock Prediction: Growing Number Of Software Subscribers Propels 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. Summary:
  • Like Adobe before it, Autodesk’s shift to subscription-only software licensing/selling is turning out to be very beneficial.
  • Autodesk’s stock has rallied to a new 52-week high of $69.21 last month after it reported a big beat on estimated Q2 EPS and revenue.
  • The bullish sentiment over ADSK is clear evidence that many institutional and retail investors like that the company added 125,000 new subscribers in the second quarter.
  • Autodesk now has 2.82 million annual/monthly paying subscribers.
  • ADSK’s price is up more than 25% since my July 4 Buy recommendation. I reiterate my Buy rating for this stock because of its strong algorithmic forecasts.


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