Intuit Given Consensus Rating of “Hold” by Analysts (NASDAQ:INTU)
Intuit (NASDAQ:INTU) has earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $78.21.
A number of research firms have recently commented on INTU. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intuit in a research note on Thursday, May 22nd. They now have a $66.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Intuit to $80.00 in a research note on Wednesday, May 21st. They now have a “neutral” rating on the stock.
Shares of Intuit (NASDAQ:INTU) opened at 84.43 on Friday. Intuit has a 52-week low of $61.50 and a 52-week high of $84.88. The stock has a 50-day moving average of $81.78 and a 200-day moving average of $78.15. The company has a market cap of $23.968 billion and a price-to-earnings ratio of 26.72.
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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