Across the recent three months, 15 analysts have shared their insights on Intuit INTU, expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 11 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 7 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $716.13, a high estimate of $775.00, and a low estimate of $585.00. Marking an increase of 7.75%, the current average surpasses the previous average price target of $664.64.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| Jennifer Swanson Lowe | UBS | Raises | Neutral | $670.00 | $625.00 |
| Alex Markgraff | Keybanc | Raises | Overweight | $740.00 | $720.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $740.00 | $680.00 |
| Alex Markgraff | Keybanc | Raises | Overweight | $720.00 | $700.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Intuit. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer 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 do-it-yourself tax-filing software.
Intuit: Delving into Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Intuit showcased positive performance, achieving a revenue growth rate of 11.34% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Intuit's net margin is below industry averages, indicating potential 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 falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.21%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.38, Intuit adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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