Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
In the closing of the recent trading day, Intuit (INTU) stood at $586.84, denoting a +1.38% change from the preceding trading day.
Intuit (INTU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Intuit (INTU) concluded the recent trading session at $609.41, signifying a +0.87% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to Intuit (INTU). This makes it worthwhile to examine what the stock has in store.
Intuit is benefiting from AI-powered innovations and a strong portfolio but faces headwinds in its Desktop Ecosystem and Mailchimp segments.
Intuit (INTU) reachead $626.05 at the closing of the latest trading day, reflecting a +1.73% change compared to its last close.
In the closing of the recent trading day, Intuit (INTU) stood at $630.23, denoting a +1.19% change from the preceding trading day.
I recommend a buy rating for Intuit due to strong EPS growth potential, driven by favorable macroeconomic conditions and successful upmarket penetration. The US economy has improved significantly since May, with lower inflation, reduced interest rates, and higher consumer confidence, benefiting INTU's business environment. INTU's premium products, like QBO Advanced and Intuit Enterprise Suite, show strong demand, with revenue growth of 42% y/y in 1Q25, indicating successful upmarket penetration.
Intuit kicks off FY25 with 10% revenue growth, driven by AI innovation and 20% online ecosystem expansion. Mid-market success and robust Credit Karma gains signal growth potential for 2025.
Recently, Zacks.com users have been paying close attention to Intuit (INTU). This makes it worthwhile to examine what the stock has in store.
Zacks.com users have recently been watching Intuit (INTU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.