On Nov 22, major Wall Street analysts update their ratings for $Intuit (INTU.US)$, with price targets ranging from $730 to $780.
Morgan Stanley analyst Keith Weiss maintains with a hold rating, and adjusts the target price from $685 to $730.
BofA Securities analyst Bradley Sills maintains with a buy rating, and sets the target price at $780.
Citi analyst Steve Enders maintains with a buy rating, and maintains the target price at $760.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $800 to $775.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and maintains the target price at $775.
Furthermore, according to the comprehensive report, the opinions of $Intuit (INTU.US)$'s main analysts recently are as follows:
Intuit's overall revenues surpassed expectations by approximately 4%, primarily driven by a significant acceleration in Credit Karma. Despite this, the weaker than anticipated outlook for Q2 and the unchanged guidance for FY25 suggest that the company's stock will likely remain a subject of debate among investors.
The company's fiscal Q1 results surpassed estimates, however, projections for Q2 total revenue and operating income were set below expectations. Despite these adjustments, forecasts for fiscal 2025 remain unaltered.
The firm recognizes that the Q1 outcomes do not substantially alter the narrative around Intuit. Although there were various factors affecting the Q2 profitability guidance, these were balanced by improvements in Credit Karma and QuickBooks Online.
Intuit's fiscal Q1 revenue surpassed expectations across all segments, indicating a robust commencement for FY25, bolstered by initial indications of an improving macroeconomic environment. The fiscal Q2 guidance, which falls below street expectations, mirrors a timing alteration in desktop TurboTax. It is highlighted that management has engaged with the new administration and reported favorable discussions.
Here are the latest investment ratings and price targets for $Intuit (INTU.US)$ from 9 analysts:
Note:
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