Wedbush Boosts Intuit Price Target to $95.00 (INTU)
Investment analysts at Wedbush upped their target price on shares of Intuit (NASDAQ:INTU) from $87.00 to $95.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 10.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intuit in a research note on Wednesday. They now have a $66.00 price target on the stock, down previously from $72.00. 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $79.92.
Shares of Intuit (NASDAQ:INTU) opened at 85.81 on Friday. Intuit has a one year low of $61.50 and a one year high of $85.89. The stock has a 50-day moving average of $82.16 and a 200-day moving average of $78.37. The company has a market cap of $24.360 billion and a price-to-earnings ratio of 27.22. Intuit also saw some unusual options trading on Thursday. Stock traders bought 6,247 call options on the stock. This is an increase of 832% compared to the typical daily volume of 670 call options.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Intuit will post $3.58 earnings per share 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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