AUTODESK INC (NASDAQ:ADSK) – A Strong Growth Stock with Technical Breakout Potential

AUTODESK INC (NASDAQ:ADSK) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth with a positive technical outlook, making it an interesting candidate for investors seeking growth opportunities.

Why ADSK Stands Out as a Growth Stock

• Strong Growth Metrics: ADSK has demonstrated consistent revenue and earnings growth, with revenue increasing by 12.44% over the past year and earnings per share (EPS) growing at 24.81% annually over the last several years. Future growth expectations remain solid, with projected revenue growth of 11.11% and EPS growth of 13.92%.
• High Profitability: The company scores a 9 out of 10 in profitability, with strong margins—a gross margin of 90.53% and an operating margin of 22.18%, outperforming most peers in the software industry.
• Reasonable Valuation: While ADSK trades at a premium compared to the broader market (P/E of 34.87), it remains cheaper than many industry peers, suggesting room for further upside if growth continues.

Technical Setup Supports a Bullish Outlook

• Positive Trends: Both short-term and long-term trends are upward, with the stock trading near the upper end of its recent range.
• Support Levels: Multiple support zones exist between $290 and $306, providing a cushion against downside moves.
• Volume and Momentum: Trading volume remains healthy, and the stock is holding above key moving averages, reinforcing bullish momentum.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks that meet these criteria.
For a deeper dive, review the full fundamental report for ADSK and the technical analysis report.

Disclaimer

This is not investment advice. The observations here are based on current data, but investors should conduct their own research before making decisions.