RBC Cuts Autodesk Price Target to $335 After 19% Q4 Revenue Gain
RBC Capital trimmed its Autodesk price objective to $335 from $340 while maintaining an Outperform rating after the company delivered strong FY 2026 results and better-than-expected guidance. Autodesk’s Q4 revenue rose 19% year-on-year with AECO outperformance, and Q1 2027 revenue is forecast at $1.885–1.900 billion with GAAP EPS of $1.68–1.83.
1. RBC Capital Adjusts Price Objective
RBC Capital trimmed its price objective on Autodesk shares to $335 from $340 while retaining an Outperform rating, citing the company's strong execution. The firm noted that robust portfolio performance should offset potential go-to-market changes and that Autodesk is well-positioned to capitalize on AI monetization.
2. Strong Q4 and FY 2026 Results
Autodesk reported Q4 revenue growth of 19% year-on-year, driven by outperformance in the AECO segment, particularly in construction and emerging markets. The strong top-line gains contributed to overall FY 2026 upside versus initial guidance, underlining the effectiveness of its automation and AI-embedded solutions.
3. Q1 2027 Financial Guidance
For Q1 2027, Autodesk forecasts revenue between $1.885 billion and $1.900 billion and GAAP EPS of $1.68 to $1.83. This guidance exceeds analysts' forecasts and reflects management's confidence in sustaining momentum through continued product innovation and market expansion.
4. AI and Portfolio Strength
Autodesk's Fusion platform leverages AI and automation to streamline design-to-production workflows, enhancing decision-making and reducing repetitive tasks. The company's diversified portfolio across 3D design, engineering, and entertainment technology supports a resilient growth outlook amid evolving industry demands.