Autodesk price target lowered to $350 from $360 at Stifel

Stifel analyst Adam Borg lowered the firm’s price target on Autodesk (ADSK) to $350 from $360 and keeps a Buy rating on the shares. Q4 top-line and bottom line metrics were above expectations, but there were “a number of moving parts” beyond this, the analyst tells investors. Among the positives, Autodesk announced a restructuring plan and 9% reduction in force and a reallocation of resources and FY26 reported and organic, constant currency billings growth and operating margin guidance were above expectations, the firm noted. On the negative side, management walked away from its prior 10%-15% year-over-year top-line growth framework, the analyst added.