JPMorgan believes that accelerating cloud adoption and artificial intelligence integration could boost shares of Autodesk . The bank upgraded the design software maker to overweight from neutral. JPMorgan's newly established target price of $319 implies that shares of Autodesk could rise 26% from here. Analyst Alexei Gogolev applauded Autodesk's modern technology stack, calling it the clear leader in design software for the architecture, engineering and construction industries. He also highlighted its rapid adoption of cloud and AI technologies, with CEO Andrew Anagnost recent emphasizing "how he wants to enable his customers to do more with less." ADSK 1Y mountain ADSK 1Y chart "The company is at the forefront of AI integration, with capabilities in design optimization, rapid data access, and predictive modeling, which are streamlining workflows and reducing project timelines," he wrote. Industry trends such as a cloud transition, software consolidation and exposure to high-growth segments also favor Autodesk, Gogolev wrote. Autodesk's capabilities and integrations, which are still constantly expanding, make it a preferred choice for consolidation as clients move towards fewer and more integrated platforms. "Customer feedback highlights a trend toward standardization on ADSK for design and compliance needs, driving adoption among large contractors that are seeking operational efficiency. The pace of technological change has accelerated, with ADSK cloud-native architecture and AI capabilities now seen as essential for future-proofing operations," he wrote. Another tailwind comes from Autodesk's expanding platform breadth, which positions it well to capture outsized share in high-growth verticals such as infrastructure and data centers. Autodesk stock has plunged 19% over the past 12 months.
