Autodesk Shrugs Off Macro Vagaries After Q1 Beat: Analysts, Retail Turn Stick To Bullish Stances

Autodesk, Inc. (ADSK) stock received a price target boost after the engineering design software maker announced a first-quarter beat.

Oppenheimer analysts upped their price target for the Autodesk stock to $350 from $300 and maintained an ‘Outperform’ rating, The Fly reported. The analysts called the results “solid” and expressed comfort at the company reiterating its guidance in a challenging macro/industrial backdrop.

The research firm said the company embedded incremental macro conservatism in the guidance even as it flagged no material change in demand through May.

Autodesk’s key quarterly metrics for the first quarter of the fiscal year 2026 are as follows:

• Adj. earnings per share (EPS): $2.29 Vs. $2.15 consensus
• Revenue: $1.63B (up 15% YoY) Vs. $1.61B consensus
• Billings: $1.43B (up 29% YoY)

"Q1 was another strong quarter. We have not seen changes in overall business momentum when compared to recent quarters," said Janesh Moorjani, Autodesk CFO.

The executive said the guidance for the second quarter and the rest of the fiscal year included currency movements since February, partly offset by additional caution in growth assumptions reflecting greater macroeconomic uncertainty.

Autodesk guided second-quarter adjusted EPS and revenue to a range of $2.44-$2.48 and $1.72 billion-$1.73 billion, respectively. Analysts, on average, estimate $2.39 and $1.71 billion, respectively.

On Stocktwits, retail sentiment toward Autodesk stock was ‘extremely bullish’ (90/100) by late Thursday, with the message volume at ‘extremely high’ levels.

A bullish user said Autodesk had a much better earnings report and forecast than Snowflake, Inc. (SNOW). While noting that Snowflake went up by 13.4% on Thursday, they predicted Autodesk stock would hit $334 on Friday.

Another user feared the guidance could bring the stock down, but expressed faith that it would go up in the long run.

Autodesk stock rose 3.32% to $304.78 in the after-hours session, but it is down marginally for the year. During the quarter, the company faced a proxy war from activist investor Starboard over the stock's underperformance.

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