Analysts’ earnings and revenue expectations of software company Autodesk (NASDAQ 🙂 exceeded in the last quarter. Its business outlook for next quarter was disappointing, which led to a substantial price drop in the stock. The current stock price decline is an attractive buy opportunity considering all the uncertainty about the company’s future performance. Let’s talk about Autodesk, Inc., a software- and services provider that specializes 3D engineering, design, and entertainment. San Rafael, Calif.-based technology company Autodesk, Inc. (ADSK) is used to design, build, manufacture, media and entertainment. This allows for innovators and helps them tackle large and small problems.

Stock prices have declined by 18.9% over the past 3 months and 20% in the past 1 month. Yesterday’s closing trading session was closed at 254.19. The stock trades 26.2% less than its 52 week high of $344.39. It hit that mark on August 24, 2021.

Though the company reported robust revenue and earnings in its last reported quarter, it failed to meet analysts’ expectations for its fourth quarter business outlook. This has caused the stock’s price to plummet over the past week. Additionally, as the company anticipates that rising inflationary pressure will affect its future performance the stock might remain in a downward trend for the near-term.

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