Autodesk stock saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 91 the day before.
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The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Is Autodesk Stock A Buy?
Autodesk stock is currently forming a consolidation, with a 326.62 entry. Look for the tech stock to break out in heavy trade at least 40% above average. But note that it's a later-stage base, which makes it a riskier entry point.
The stock earns a 94 EPS Rating, which means its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
Autodesk Earnings
In Q1, the software design company reported 22% earnings growth. That means it's now generated two straight quarters of rising EPS gains. Top line growth increased 15%, up from 12% in the prior quarter. The company has now posted accelerating growth in each of the last two reports.
Autodesk stock earns the No. 1 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems and Ansys are also among the group's highest-rated stocks.
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