Autodesk Shares Rise as BofA Securities Initiates Coverage with Buy Rating, Citing AI Edge

Deep News05-12

Shares of design software company Autodesk (ADSK) rose 1.1% to $238.69. BofA Global Research resumed coverage of the stock, assigning a "Buy" rating and a price target of $300, implying a potential upside of 23.1% from the previous closing price. BofA highlighted that ADSK's "data, 3D scenes, and decade-long investment in artificial intelligence provide it with a structural advantage that is difficult to replicate." The firm noted that Autodesk possesses "a deep contextual understanding of geometry and assembly logic, which is not available on the public web," giving it an edge over general-purpose AI models. The average rating among 33 analysts is "Buy," with a median price target of $327.50. Year-to-date, the stock has declined 19.4%.

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