13 analysts have shared their evaluations of Intuit INTU during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 10 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 8 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Intuit, revealing an average target of $711.54, a high estimate of $775.00, and a low estimate of $585.00. This current average reflects an increase of 8.63% from the previous average price target of $655.00.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| Daniel Jester | BMO Capital | Maintains | Outperform | $700.00 | - |
| Michael Turrin | Wells Fargo | Raises | Overweight | $725.00 | $710.00 |
| Sterling Auty | JP Morgan | Raises | Neutral | $585.00 | $560.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $725.00 | $670.00 |
| Siti Panigrahi | Mizuho | Raises | Buy | $725.00 | $670.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $745.00 | $735.00 |
| James Friedman | Susquehanna | Raises | Positive | $775.00 | $700.00 |
| Brad Reback | Stifel | Raises | Buy | $720.00 | $600.00 |
| Scott Schneeberger | Oppenheimer | Raises | Outperform | $712.00 | $678.00 |
| Arvind Ramnani | Piper Sandler | Raises | Overweight | $750.00 | $642.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Intuit. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Intuit compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Intuit's stock. This analysis reveals shifts 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.
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.
Intuit's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Intuit's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 11.34%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Intuit's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 10.43%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Intuit's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.08%, the company may encounter challenges in delivering satisfactory 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 1.21%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.38.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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