On August 27, Autodesk rose 3.13% in regular trading, trading at $262.71/share, with turnover of $39.34 million. The move was driven by the company's fiscal Q2 earnings release, which showed net revenue exceeding market consensus.

Ahead of the report, analysts had expected total Q2 revenue of approximately $2.011 billion, representing 16.58% year-over-year growth, with adjusted earnings per share of roughly $3.12. In the prior quarter ended April, Autodesk posted revenue of $1.934 billion, up 18.43% year-over-year, with net profit surging 223%, demonstrating strong earnings leverage. UBS had anticipated a typical quarterly beat, citing stable demand across data centers, infrastructure, healthcare, and industrial projects.

Multiple analysts recently adjusted price targets, with Baird raising to $325 and Guggenheim lifting to $277, both maintaining bullish ratings. The consensus rating stands at Buy with a mean price target of approximately $315, implying significant upside from current levels.

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