On September 3, Autodesk rose 3.23% in regular trading, trading near $249.49/share, with turnover of approximately $24.42 million. The rebound follows several sessions of post-earnings pullback triggered by below-consensus Q3 adjusted EPS guidance.

Autodesk reported Q2 adjusted EPS of $3.30, beating the $3.12 consensus by 5.77% and rising 25.95% year over year. Revenue came in at approximately $2.046 billion versus the $2.012 billion estimate, and full-year revenue guidance was raised to $8.295 billion-$8.345 billion, above the prior $8.21 billion consensus. However, Q3 adjusted EPS guidance midpoint of $3.065 fell short of the $3.14 expectation, while the $3.6 billion MaintainX acquisition raised margin dilution concerns, pressuring shares in prior sessions.

Multiple institutions including RBC, UBS, and Baird maintained buy ratings and raised price targets post-earnings, with the mean target around $316, implying significant upside from current levels. UBS noted the raised organic billings growth guidance appears achievable, while RBC highlighted over 20% growth in Construction and accelerating multi-seat Fusion adoption as key fundamental drivers supporting recovery.

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