Autodesk gains; BofA rates 'buy' citing AI edge

Autodesk

12/05/2026 15:46

** Design software company Autodesk's ADSK.O shares rise 1.1% to $238.69

** BofA Global Research reinstates coverage with "buy" rating

** Sets price objective at $300, implying a 23.1% upside to the stock's last close

** Says ADSK's "data, 3D context, and decade-long AI investment give it structural advantages that are hard to replicate"

** Brokerage says co has a "deep contextual understanding of geometry and assembly logic that is not available on the public web," giving ADSK an edge versus generic AI models

** Average rating of 33 analysts is "buy;" their median PT is $327.50 - data compiled by LSEG

** Stock has fallen 19.4% YTD

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))