Oppenheimer Maintains Outperform Rating for Intuit: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of Intuit INTU and raise its price target from $476.00 to $516.00.

Shares of Intuit are trading up 5.97% over the last 24 hours, at $476.40 per share.

A move to $516.00 would account for a 8.31% increase from the current share price.

About Intuit

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.