Autodesk: Innovating With Legacy And New Products

Sep. 29, 2024 7:21 AM ETAutodesk, Inc. (ADSK) Stock
Alpha Compounder profile picture
Alpha Compounder
406 Followers
(26min)

Summary

  • Autodesk, a 40-year-old software leader in AEC, maintains relevance with legacy products like AutoCAD and innovative tools like Civil 3D.
  • Newer products like Revit, not built on AutoCAD, also lead the market, making up the largest revenue source.
  • 3D printing, a game-changing technology, enhances productivity, with Autodesk at the forefront of this industrial shift.
  • Despite a strong market position, the stock is overvalued, meaning investors should wait for a price correction before investing.

High school students watching 3d print

izusek/E+ via Getty Images

Investment Thesis

Autodesk (NASDAQ:ADSK), a more than 40-year-old software company, is a clear leader in the Architecture, Engineering and Construction ("AEC") industry. Not only is its legacy product of AutoCAD still relevant in the Computer-Aided Design ("CAD") and Computer-Aided Manufacturing ("CAM") software category, but

This article was written by

Alpha Compounder profile picture
406 Followers
Associate Investment Consultant at a local brokerage, investment and wealth management firm with international operations spanning across 15 countries.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADSK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About ADSK Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ADSK

Related Stocks

SymbolLast Price% Chg
ADSK
--