Inside Autodesk's Stock Dip: Surging Cloud Sales Beat Estimates, But Cost Outlook Weighs

Autodesk Inc (NASDAQ: ADSK ) stock remains in focus after the software company delivered stronger-than-expected growth and profitability, while investors weighed an improved revenue outlook against a more measured margin forecast.

Autodesk shares are retreating from recent levels. Why is ADSK stock dropping?

BTIG analyst Nick Altmann reiterated a Buy rating on Autodesk with a $300 price forecast, citing stronger-than-expected revenue growth, resilient renewals and improving expansion activity. Altmann said Autodesk delivered 14% constant-currency revenue growth, ahead of BTIG’s 12% estimate. Reported revenue increased 16%, or 14% in constant currency. Adjusting for the new transaction model and foreign exchange, revenue grew 12%, ab...