Apr 3, 2021 at 9:10AM
Over the last year, many tech stocks have seen a meteoric rise as the pandemic accelerated the push toward digital solutions. While the underlying performance of some tech businesses warranted their strong gains in the market, many others are arguably overvalued.
Differentiating between the two can be tough, but there are three stocks in particular that are still poised for a bright future.
Image source: Getty Images.
1. Autodesk: Building the future
Autodesk (NASDAQ:ADSK) provides software and design tools to the Architecture, Engineering, and Construction (AEC) industry. Put simply, the company builds software that helps people make things. With more than five million users around the globe, many projects stem from one version or another of Autodesk s software.
Can Autodesk Be the Microsoft of Construction?
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SAN FRANCISCO, March 16, 2021 /PRNewswire/ Autodesk, Inc. (NASDAQ: ADSK) today released the Construction Outlook 2021: Risks & Opportunities report, a new study that dives into macro industry trends across five areas including growth, health and construction safety, labor, supply chain and design. As the compounding effects of the global pandemic and resulting economic instability begin to surface, aggregated and anonymized product data from BuildingConnected, a preconstruction solution within Autodesk Construction Cloud, finds that real-time bidding activity has surpassed pre-pandemic levels and reached an all-time high in January 2021.
(PRNewsfoto/Autodesk, Inc.)
More than one million owners, general contractors, construction managers and subcontractors use BuildingConnected to answer or request bids. More than five million bid invites are sent out every month on the platform.