JP Morgan Upgrades Autodesk (ADSK) to Overweight, Targets $319 Amid Analyst Optimism

JP Morgan raised Autodesk (ADSK) to "Overweight" from "Neutral" on February 2, setting a $319 price target. Analysts forecast FY26 EPS of $7.23 (+23.4% YoY), with ADSK beating estimates in three of the last four quarters. The consensus rating is "Strong Buy" (23 Strong Buys, 1 Moderate Buy, 3 Holds), and the mean PT of $372.92 implies a 61.3% upside. ADSK underperformed the S&P 500 (-23.8% vs. +11.8% YTD) amid tech sell-off following reports of Chinese customs blocking Nvidia's H200 AI chips.