$ADSK

ADSK DD - the AI Data moat

Autodesk owns the largest corpus of professional 3D CAD data and is building Neural CAD foundation models specifically designed for physical-world AI reasoning. As enterprises adopt AI-assisted design with tiered pricing, ARPU increases 10-15% over 3 years on top of normal price growth, while the MaintainX acquisition closes the design-to-operate loop, enabling real-world performance data feedback. FY2029 EPS reaches $16-17 at a 22-24x multiple, supporting $350-380 upside.