How to Buy Intuit Stock
Intuit Inc
Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally.
Intuit stock last closed at $613.21, up 0.28% from the previous day, and has increased 39.34% in one year. It has overperformed other stocks in the Software - Application industry by 0.21 percentage points. Intuit stock is currently +53.22% from its 52-week low of $400.22, and -8.61% from its 52-week high of $671.01.
As of Apr 17, 2024, there are 279.98M INTU shares outstanding. The market value of INTU is $171.69B. In the past 24 hours, 967,227 INTU shares were traded.
How to Buy Intuit Stock
Wondering how to invest in Intuit stock? Here's how.
- Choose where to buy Intuit stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Intuit stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your payment method and add your details.
- Evaluate Intuit stock: The Intuit ticker symbol is INTU. Is Intuit stock a good investment? Should you buy shares of INTU? How do INTU's underlying business fundamentals look? Do top analysts think Intuit is a good buy? Why has INTU's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if INTU is a good stock to buy).
- Execute your INTU buy order: Decide if you will purchase INTU shares at the current market price or use a limit order to buy INTU shares at a given price.
- Keep tabs on your INTU investment: Create a watchlist to keep tabs on your position in Intuit stock.
Step 1: Choose where to buy Intuit stock
You will need a brokerage account to access the NASDAQ market and buy INTU stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in INTU today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the video below if you need help transferring funds into your brokerage account.
Step 4: Evaluate Intuit stock
After you have selected the best place to buy Intuit stock, it's crucial to evaluate their stock prior to buying, so you can wrap your head around the risk and upside.
Overview of key INTU info
INTU Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on INTU's stock page.
Is INTU stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge INTU's intrinsic value.
Using relative valuations metrics:
- INTU could be undervalued based on its P/E ratio of 62.07x, relative to Software - Application industry P/E ratio of 99.28x
- INTU may be overvalued based on its P/B ratio of 10.15x, relative to Software - Application industry P/B ratio of 6.42x
- INTU may be overvalued based on its PEG ratio of 5.78x
You can access additional valuation research on INTU's stock here.
INTU Financial Health Summary
Passed Financial Due Diligence Checks:
- INTU earnings of $3.60B is not sufficient to cover its interest payments.
- INTU's operating cash flow of $4.95B allows it to safely service it's debt of $6.42B.
- There are more short-term assets than long-term liabilities on the INTU balance sheet.
- Total INTU debt is lower than 5 years ago, relative to shareholder equity.
- INTU profit margin has gone up from 14.2% to 18.4% in the past year.
- There are more short-term assets than short-term liabilities on the INTU balance sheet.
Failed Financial Due Diligence Checks:
- INTU has a relatively high debt to equity ratio of 0.76.
Do analysts think it's a good time to buy INTU stock
Out of 13 sell side analysts who research INTU, the consensus analyst rating on Intuit is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest INTU Analyst Forecasts
Siti Panigrahi, a bottom 8% analyst from Mizuho maintains INTU with a strong buy rating and raises their INTU price target from $670.00 to $725.00, on Feb 23, 2024.
Raimo Lenschow, a top 1% analyst from Barclays maintains INTU with a strong buy rating and raises their INTU price target from $735.00 to $745.00, on Feb 23, 2024.
Barclays's Raimo Lenschow raised their price target on Intuit (NASDAQ: INTU) by 1.4% from $735 to $745 on 2024/02/23. The analyst maintained their Strong Buy rating on the stock.
Intuit delivered "solid" results, Lenschow said to summarize the company's 2024/02/22-dated Q2 2024 earnings report.
The analyst told investors they do not consider this print "a thesis changer," even though the findings appear satisfactory.
Before investors turn their attention to tax season, the stock price will react "mutedly" in the short term, Lenschow predicted.
Earnings Report
Intuit reported:
For Q2 2024:
- EPS of $2.63, which beat the Zacks Consensus Estimate by 14.85% and, by 19.5%, Q2 2023’s $.2.20.
- Revenue of $3.38B, which beat the Zacks Consensus Estimate by 0.05% and, by 11.3%, Q2 2023’s $3.04B.
- Operating income of $1B, up 17% Y/Y.
- Small business and self-employed group segment revenue of $2.2B, up 18 Y/Y.
- Consumer group segment revenue of $492M, down 5% Y/Y.
- ProTax group segment revenue of $274M, up 8% Y/Y.
- Credit karma segment revenue of $375M, flat Y/Y.
Management guided:
For Q3 2024:
- EPS of $9.31 to $9.38.
- Revenue growth of 10% to 11%.
For FY 2024:
- EPS of $16.17 to $16.47.
- Revenue of $15.89B to $16.11B.
- Operating income of $6.155B to $6.26B.
- Small business and self-employed group segment revenue growth of 16% to 17%.
- Consumer group segment revenue growth of 7% to 8%.
- ProTax group segment revenue growth of 3% to 4%.
- Credit karma segment revenue growth of (3)% to 3%.
CEO Sasan Goodarzi commented: “We had another strong quarter as consumers and small businesses continue to rely on Intuit’s platform to power their prosperity.
“We have great momentum innovating across our products, and we're well on our way to becoming the trusted assistant that our customers use to fuel their financial success."
James Friedman, a bottom 3% analyst from Susquehanna maintains INTU with a strong buy rating and raises their INTU price target from $700.00 to $775.00, on Feb 23, 2024.
Brad Reback, a top 10% analyst from Stifel Nicolaus maintains INTU with a strong buy rating and raises their INTU price target from $600.00 to $720.00, on Feb 23, 2024.
Scott Schneeberger, a top 16% analyst from Oppenheimer maintains INTU with a buy rating and raises their INTU price target from $678.00 to $712.00, on Feb 23, 2024.
You can dive deeper into what analysts are forecasting on the Intuit stock forecast page.
INTU Technicals
INTU Performance Metrics
Last year, INTU earnings were $2.77B. Over the last 5 year, INTU's earnings have gone up by 13.18% per year. This was slower than the Software - Application industry average of 31.42%.
Last year, INTU revenue was $15.09B. In the last five year, INTU's revenue has grown by 19.12% per year. This was slower than the Software - Application industry average of 27.52%.
You can analyze INTU's earnings and revenue performance here.
Who is buying/selling INTU?
In the last year, insiders at INTU have sold more shares than they have bought.
Sandeep Aujla, EVP and CFO of INTU, was the latest INTU insider to sell. They sold $939,285.12 worth of INTU stock on Apr 1, 2024.
Get more info about who owns INTU stock here.
Can I get consistent income from INTU stock?
Intuit pays a dividend of 0.57%, compared to the Software - Application industry's average dividend yield of 2.41%. If you owned $1,000 of INTU stock, you would have received $5.68 in the past 12 months.
Intuit dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Intuit dividend yield and history here.
What others are saying about INTU
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your INTU buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Click the Open button and eToro will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your INTU investment
Now that you own some INTU stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to get notified of the latest news about your INTU stock.
INTU Feed
How to Buy Stock in Intuit
To reiterate, here are the 6 steps to buy stock in Intuit:
- Choose where to buy Intuit stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Evaluate Intuit stock
- Execute your INTU buy order
- Keep tabs on your INTU investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Intuit, add INTU to your watchlist by clicking the button below.
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