KeyBanc lowered its price target on Autodesk shares to $341 from $365, while maintaining an "Overweight" rating.
Shares currently trade at $235.11, down approximately 29% from their 52-week high of $329.09.
The firm's quarterly checks showed mixed results: strength in construction but weakness in the UK and Canada across architecture, engineering, and manufacturing sectors.
KeyBanc remains cautious ahead of Autodesk's fiscal first-quarter earnings report on May 28, 2026. The bank expects in-line or slightly higher headline results.
The price target reduction reflects recent valuation pullback. The stock trades at a P/E ratio of 46.29, though Bond.az data suggests shares may be undervalued at current levels.
In other news, Autodesk launched a Small Business Hub and appointed a new board member.
