Parradee Kietsirikul Autodesk (NASDAQ:ADSK) has many marks of a great business. AutoCAD is the industry standard for design, drafting, detailing and visualization software for architects and a variety of engineering professions. Infrastructure spending should be a perpetual tailwind for Autodesk. Global Infrastructure Outlook estimates more than $2.5T is invested in global infrastructure each year. As…
Laurence Dutton Overview Autodesk (NASDAQ:ADSK) notably underperformed the broader market last year, witnessing a stock decline of roughly 9% year-over-year. In comparison, the NASDAQ index (QQQ) saw an approximate rise of 27%. The continuous high-interest rate environment dampens the construction market’s pace, which continues to be Autodesk’s most significant market segment. Interestingly, Autodesk didn’t capitalize…
Parradee Kietsirikul Investment Action Based on my current outlook and analysis of Autodesk’s (NASDAQ:ADSK) 2Q23 earnings, I recommend a buy rating. I expect ADSK to continue growing in the low teens in the near term as it continues to leverage its pricing power and capture volume from growth in end-markets. While the uncertainty within its…