In the preceding three months, 12 analysts have released ratings for Intuit INTU, presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 4 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $723.5, along with a high estimate of $770.00 and a low estimate of $655.00. This current average reflects an increase of 0.93% from the previous average price target of $716.82.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| Taylor McGinnis | UBS | Lowers | Neutral | $655.00 | $670.00 |
| Brent Thill | Jefferies | Raises | Buy | $770.00 | $760.00 |
| James Friedman | Susquehanna | Lowers | Positive | $757.00 | $775.00 |
| Brad Reback | Stifel | Lowers | Buy | $690.00 | $720.00 |
| Brad Sills | B of A Securities | Lowers | Buy | $730.00 | $760.00 |
| Arvind Ramnani | Piper Sandler | Raises | Overweight | $760.00 | $750.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $750.00 | $725.00 |
| 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 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Intuit. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Intuit compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
All You Need to Know 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 US market share for small-business accounting and do-it-yourself tax-filing software.
Intuit's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Intuit's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 11.95%. This signifies 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 excels beyond industry benchmarks, reaching 35.46%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Intuit's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.4% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Intuit's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 7.8%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.35, Intuit adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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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