Analysts' ratings for Intuit INTU over the last quarter vary from bullish to bearish, as provided by 14 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 10 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 7 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Intuit, revealing an average target of $633.64, a high estimate of $710.00, and a low estimate of $470.00. This current average reflects an increase of 11.41% from the previous average price target of $568.75.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Intuit by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Turrin | Wells Fargo | Raises | Overweight | $710.00 | $615.00 |
| Scott Schneeberger | Oppenheimer | Raises | Outperform | $678.00 | $610.00 |
| 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: Analysts navigate through adjustments in price targets, providing estimates for Intuit's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Intuit's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Intuit analyst ratings.
Get to Know Intuit Better
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 Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Intuit's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 14.67%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Intuit's net margin lags behind industry averages, suggesting 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 is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.86%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Intuit's debt-to-equity ratio is below the industry average. With a ratio of 0.38, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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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