Intuit PT Raised to $79.00 (INTU)
Wedbush upped their price target on shares of Intuit (NASDAQ:INTU) from $71.00 to $79.00 in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 12.15% from the stock’s previous close.
A number of other analysts have also recently weighed in on INTU. Analysts at Merrill Lynch raised their price target on shares of Intuit to $78.00 in a research note to investors on Monday, October 21st. Finally, analysts at Bank of America Corp. upgraded shares of Intuit from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 18th. They now have a $78.00 price target on the stock, up previously from $69.00. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $69.90.
Shares of Intuit (NASDAQ:INTU) opened at 70.44 on Wednesday. Intuit has a 52-week low of $55.54 and a 52-week high of $68.41. The stock has a 50-day moving average of $64.22 and a 200-day moving average of $62.69. The company has a market cap of $19.914 billion and a P/E ratio of 24.62.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.03. The company had revenue of $634.00 million for the quarter, compared to the consensus estimate of $658.05 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that Intuit will post $3.56 EPS for the current fiscal year.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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