Autodesk: Looking Back At The Past 3 Years
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Financial Engineering1.02K FollowersFollow5ShareSavePlay(10min)CommentsSummaryAutodesk (ADSK) has fully transitioned to a SaaS model, driving gross margins above 92% and free cash flow margins near 37%. ADSK's revenue growth has accelerated, with management targeting a $10B+ TAM in new construction and infrastructure needs, supporting sustained double-digit top-line growth. Operating margins are expanding, mirroring Adobe’s SaaS transition, suggesting further margin gains as ADSK matures. I estimate a 2028 price target of $426–$511, implying 45%–74% total returns, with risks from AI-driven disruption and macroeconomic downturns. Monty Rakusen/DigitalVision via Getty Images Back in 2022, I wrote an article summarizing my predictions for Autodesk (ADSK) in the following 3 years. Now it is time to look back at how that panned out. By looking at theThis article was written byFinancial Engineering1.02K FollowersFollowI am an electromechanical engineer who has worked in the automotive, IT infrastructure, and medical device industries. My goal is to produce technical breakdowns on company products and share my industry experiences to provide insight on current engineering trends. Providing real world product knowledge on new trends or relatively unknown engineering developments gives readers a unique advantage when conducting research on a potential investment.I am a long term buy-and-hold investor who seeks investments with strong cash flows that produce a growing passive income stream or heavily invest into R&D.Analyst’s Disclosure:I/we have a beneficial long position in the shares of ADSK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.