Analysts' ratings for Intuit INTU over the last quarter vary from bullish to bearish, as provided by 12 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 7 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $623.58, along with a high estimate of $700.00 and a low estimate of $470.00. This upward trend is apparent, with the current average reflecting a 11.35% increase from the previous average price target of $560.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Intuit's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Alex Markgraff | Keybanc | Raises | Overweight | $700.00 | $670.00 |
| James Friedman | Susquehanna | Announces | Positive | $700.00 | - |
| Siti Panigrahi | Mizuho | Raises | Buy | $625.00 | $600.00 |
| Brad Reback | Stifel | Raises | Buy | $600.00 | $550.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $570.00 | $525.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $640.00 | $605.00 |
| Scott Schneeberger | Oppenheimer | Raises | Outperform | $610.00 | $530.00 |
| Steven Enders | Citigroup | Raises | Buy | $651.00 | $565.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $615.00 | $575.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $660.00 | $570.00 |
| Arvind Ramnani | Piper Sandler | Maintains | Overweight | $642.00 | - |
| Sterling Auty | JP Morgan | Raises | Neutral | $470.00 | $410.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Intuit. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Intuit compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Intuit's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Intuit's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Intuit analyst ratings.
Discovering Intuit: A Closer Look
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.
Breaking Down Intuit's Financial Performance
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Intuit showcased positive performance, achieving a revenue growth rate of 14.67% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Intuit's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 8.09%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Intuit's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.41%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Intuit's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.86%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.38.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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