Bank of America reinstates 'Buy' rating on Autodesk with $300 target, citing AI resilience and growth potential.

Bank of America Securities reinstated coverage of Autodesk Inc with a 'Buy' rating and set a $300 price target, suggesting a 27% upside. The positive outlook is based on Autodesk's strong position in design software and its resilience to AI disruption, supported by long-term investments in 3D design and internal AI capabilities. The bank views AI as a growth driver, highlighting features like AutoConstrain and potential new pricing models. They expect Autodesk to achieve low double-digit revenue growth over the next two fiscal years and see potential for accelerated billings growth in late fiscal 2027.