Market Research: Five 12-Month Price Targets for Thomson Reuters (TRI), Roper Technologies (ROP), Shopify (SHOP), Workday (WDAY) and Autodesk (ADSK)
Market Research: Five 12-Month Price Targets for Thomson Reuters (TRI), Roper Technologies (ROP), Shopify (SHOP), Workday (WDAY) and Autodesk (ADSK)
Five Companies. Five Different Growth Stories.
A lawyer researching case law, a retailer managing online orders, and an architect designing a building all rely on specialized software, but their companies have different growth rates, risks, and valuations. This Market Research report looks at five Nasdaq-100 stocks through that lens and sets an independent 12-month price target for each.
These targets reflect my assessment of business momentum, financial performance, valuation, and execution risks. They are estimates, not guarantees, and they may change as new information becomes available.
My Price Target Summary
| Company | Ticker | Oct. 29 reference price | 12-month target | Implied change |
|---|---|---|---|---|
| Thomson Reuters | TRI | $116.35 | $130 | +11.7% |
| Roper Technologies | ROP | $449.65 | $490 | +9.0% |
| Shopify | SHOP | $166.89 | $205 | +22.8% |
| Workday | WDAY | $195.46 | $225 | +15.1% |
| Autodesk | ADSK | $241.73 | $300 | +24.1% |
Implied changes compare the target with the October 29 reference price and exclude dividends. Share prices fluctuate.
1. Thomson Reuters Corporation (NASDAQ: TRI)
My 12-Month Price Target: $130
Thomson Reuters’ second-quarter results showed 9% total revenue growth and 8% organic growth, while its larger Legal, Corporates, and Tax, Audit & Accounting businesses posted 10% organic growth. The company also raised its full-year 2026 growth outlook and launched a new CoCounsel platform for tax and audit professionals. I see the combination of recurring professional subscriptions and new AI tools as a reason to expect continued progress, but my $130 target stays measured because investors will want evidence that the AI products can sustain growth and support the company’s premium valuation. The next major check is its November 3 earnings report.
2. Roper Technologies, Inc. (NASDAQ: ROP)
My 12-Month Price Target: $490
Roper’s third-quarter revenue rose 8%, organic revenue grew 7%, and adjusted earnings per share increased 15% year over year. Management also raised its 2026 adjusted earnings guidance to $22.35–$22.40 per share. I view Roper’s collection of specialized businesses and its ability to make smaller acquisitions as strengths that can support steady compounding. I set the target at $490 to recognize that business quality while accounting for the fact that the shares already reflect strong execution and further gains may depend on continued earnings growth.
3. Shopify Inc. (NASDAQ: SHOP)
My 12-Month Price Target: $205
Shopify reported 34% year-over-year revenue growth in the second quarter, alongside an 18% free-cash-flow margin. That mix of fast growth and positive cash generation supports a higher target in my view, particularly as Shopify continues building tools for merchants and expanding its role in online commerce. My $205 target assumes the company can maintain strong growth without giving up operating discipline. The main counterweight is valuation: investors are already paying for substantial future expansion, so slower merchant activity or weaker growth could pressure the share price. Shopify’s next quarterly update is scheduled for November 3.
4. Workday, Inc. (NASDAQ: WDAY)
My 12-Month Price Target: $225
Workday’s fiscal second-quarter subscription revenue increased 13.9%, and its 12-month subscription revenue backlog grew 14.2%. The company also reported a 31.1% non-GAAP operating margin and said more customers were adopting its AI agents. I view its recurring HR and finance software as a durable foundation, with AI features offering a way to deepen customer relationships. My $225 target reflects continued moderate growth and margin execution, while allowing for competitive pressure and questions about how quickly AI features translate into additional revenue.
5. Autodesk, Inc. (NASDAQ: ADSK)
My 12-Month Price Target: $300
Autodesk’s fiscal second-quarter revenue grew 16% year over year, and the company raised its fiscal 2027 billings and revenue growth guidance. Its design software is embedded in architecture, engineering, construction, and manufacturing workflows, which can make its products difficult for customers to replace. I see that position, along with continued demand for digital design tools, as support for a $300 target. The risks include slower construction and manufacturing activity, competition, and the costs of integrating MaintainX, which Autodesk acquired.
What Could Change These Targets?
These estimates would need to be reconsidered if company results diverge from the assumptions behind them. Slower revenue growth, weaker cash generation, customer losses, rising costs, or a shift in how investors value software companies could reduce the targets. Faster adoption of AI products, stronger recurring revenue, or better-than-expected margins could support higher estimates.
The next earnings releases will give investors new information to compare with these expectations. For TRI and SHOP, the scheduled November 3 reports are especially near-term checkpoints.
My Takeaway
The five companies share a reliance on specialized software and data, but they do not have identical investment cases. Shopify and Autodesk have the highest targets in this group because of their reported growth and the opportunity to expand their platforms. Thomson Reuters and Workday pair recurring professional software with new AI initiatives, while Roper offers a diversified portfolio of businesses and a record of acquisition-led growth.
My targets are estimates based on the information available as of October 29, 2026. A target is only as useful as the assumptions behind it, so readers should compare each estimate with later company results and decide whether the underlying case still holds.
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Investment Disclaimer
This analysis is provided solely for educational, informational and entertainment purposes and represents my personal research and opinion.
Nothing published on Ask Warren HQ constitutes financial, investment, tax, legal or accounting advice or a recommendation to buy, sell or hold any security.
Investing involves risk, including the potential loss of principal. Price targets are estimates based on assumptions and can differ substantially from future market prices. Always conduct your own independent research and consider consulting a qualified financial professional before making investment decisions.
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