Here's Why Autodesk (ADSK) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Autodesk (ADSK)
San Fransisco, CA-based Autodesk develops model-based design, engineering and documentation software. The company serves customers in architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries.
ADSK sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 6.7% and 9.9% year-over-year, respectively.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.10 to $8.11 per share. ADSK boasts an average earnings surprise of 6.8%.
On a historic basis, Autodesk has generated cash flow growth of 54.8%, and is expected to report cash flow expansion of 0.5% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ADSK should be on investors' short lists.
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Autodesk, Inc. (ADSK) : Free Stock Analysis Report