ADSK → $338.00 by Oct 19, 2026.

There is a growing narrative in the market right now that generative AI will make mission-critical enterprise software obsolete, and that traditional software companies will see their margins and pricing power eroded. ​I believe this thesis fundamentally misunderstands enterprise workflows, legal liability, and how software moats actually operate. When you evaluate the competitive moat of industry leaders like Autodesk (ADSK), the recent market pessimism looks less like a structural breakdown and more like a textbook mispricing. ​Here is a bottom-up …