Intuit is a financial software company that specializes in developing solutions to simplify and improve personal and business finance management
The company is best known for its flagship products like TurboTax, which assists individuals in preparing and filing taxes; QuickBooks, which provides accounting tools for small businesses; and Mint, a personal finance application that helps users track their spending and budgeting. Intuit focuses on leveraging technology and innovation to deliver user-friendly, cloud-based services that empower individuals and businesses to manage their financial affairs more effectively.
Goldman Sachs analyst Kash Rangan maintains a Buy rating on Intuit Inc (NASDAQINTU) with an $800 price target. Despite intensifying competition in the lower tax market, Rangan sees Intuit capturing significant market share in higher-value sectors.
Payments and billing software maker Bill.com (NYSEBILL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 13.9% year on year to $362.6 million. On the other hand, next quarter’s revenue guidance of $355 million was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.56 per share was 20.1% above analysts’ consensus estimates.
Intuit currently trades at $589.99 per share and has shown little upside over the past six months, posting a small loss of 3.6%. The stock also fell short of the S&P 500’s 16% gain during that period.
NASDAQ:INTU is scoring great on several growth aspects while it also shows decent health and profitability. At the same time it remains remains attractively priced.
What has Wall Street been buzzing about this week? Here is a look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Jan. 13-17, 2025.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Intuit (NASDAQINTU) and its peers.
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GoDaddy has been on fire lately. In the past six months alone, the company’s stock price has rocketed 49.6%, reaching $206.62 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
