NASDAQ:ADSK 28 November 2025 - 23 January 2026

Autodesk said it will cut about 7% of its staff, or roughly 1,000 jobs, and expects pretax charges of $135 million to $160 million. Shares slipped 0.3% to $268.97 Friday after jumping nearly 5% the day before. The company projects key financial metrics will exceed previous guidance, excluding restructuring costs. Layoff notifications began January 22.

Autodesk shares closed at $303.34 on Friday, up 0.65%, extending gains after a strong Q3 earnings beat and raised guidance earlier in the week. UBS raised its price target to $400 and reiterated a Buy rating, citing “consistent execution.” DA Davidson boosted its FY2026 EPS estimate to $7.22 and maintained a Buy rating with a $375 target. Market capitalization stands near $64 billion.