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 $508.31, down 0.05% from the previous day, and has increased 28.43% in one year. It has overperformed other stocks in the Software - Application industry by 0.13 percentage points. Intuit stock is currently +44.15% from its 52-week low of $352.63, and -9.01% from its 52-week high of $558.64.
As of Sep 25, 2023, there are 280.26M INTU shares outstanding. The market value of INTU is $142.46B. In the past 24 hours, 1.01M 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.
- Enter your personal data to start a new trading account.
- Send your application by pressing the "Create Account" button.
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 59.87x, relative to Software - Application industry P/E ratio of -2.6x
- INTU may be overvalued based on its P/B ratio of 8.25x, relative to Software - Application industry P/B ratio of 5.61x
- INTU may be overvalued based on its PEG ratio of 2.43x
You can access additional valuation research on INTU's stock here.
INTU Financial Health Summary
Passed Financial Due Diligence Checks:
- INTU earnings of $3.24B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the INTU balance sheet.
- Total INTU debt is lower than 5 years ago, relative to shareholder equity.
- INTU's operating cash flow of $5.05B allows it to safely service it's debt of $6.60B.
- INTU profit margin has gone up from 16.2% to 16.6% in the past year.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the INTU balance sheet.
- INTU has a relatively high debt to equity ratio of 0.61.
Do analysts think it's a good time to buy INTU stock
Out of 18 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 5% analyst from Mizuho maintains INTU with a strong buy rating and maintains their INTU price target from $600.00 to $600.00, on Sep 19, 2023.
Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains INTU with a strong buy rating and raises their INTU price target from $528.00 to $642.00, on Sep 11, 2023.
Daniel Jester, a top 12% analyst from BMO Capital maintains INTU with a buy rating and raises their INTU price target from $560.00 to $605.00, on Sep 7, 2023.
Josh Beck, a top 3% analyst from KeyBanc maintains INTU with a strong buy rating and raises their INTU price target from $535.00 to $600.00, on Sep 7, 2023.
KeyBanc's Josh Beck raised their price target on Intuit (NASDAQ: INTU) by 12.1% from $535 to $600 on 2023/09/07. The analyst maintained their Strong Buy rating on the stock.
The company introduced its Intuit Assist, a new GenAI-powered assistant embedded across all of its major business categories, the analyst summarized Intuit's Innovation Day event, held on 2023/09/06.
Overall, the level of innovation across the Intuit platform is "encouraging," Beck said.
Intuit Assist will become a weapon to widen the company's competitive moat and create additional value by extending reach into users' workflow and financial lives with new/novel experiences, the analyst concluded.
Earnings Report
Intuit reported:
For Q4 2023:
- EPS of $1.65, which beat the Zacks Consensus Estimate of $1.38 and, by 50%, Q4 2022’s $1.10.
- Revenue of $2.71B, which beat the Zacks Consensus Estimate of $2.64B and, by 12%, Q4 2022’s $2.41B.
- Operating income of $627M, which beat Q4 2022’s $433M by 45%.
For FY 2023:
- EPS of $14.40, which beat FY 2022’s $11.85 by 22%.
- Revenue of $14.37B, which beat FY 2022’s $12.73B by 13%.
- Operating income of $5.5B, which beat FY 2022’s $4.5B by 22%.
Management guided:
For Q1 2024:
- EPS of $1.94 to $2.00.
- 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 $6.16B to $6.26B.
CEO Sasan Goodarzi commented, "We had a very strong Q4, ending the year with momentum, as we executed on our strategy to be the global AI-driven expert platform powering prosperity for consumers and small businesses.
"Our overall performance demonstrates the strength of our platform and portfolio including our ability to maintain earnings power in uncertain times and expand operating margin while investing in the most important areas to drive durable long-term growth."
Jim Kelleher, a top 4% analyst from Argus Research maintains INTU with a strong buy rating and raises their INTU price target from $580.00 to $640.00, on Sep 6, 2023.
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 $2.38B. Over the last 5 year, INTU's earnings have gone up by 10.39% per year. This was slower than the Software - Application industry average of 32.83%.
Last year, INTU revenue was $14.37B. In the last five year, INTU's revenue has grown by 18.98% per year. This was slower than the Software - Application industry average of 32.18%.
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.
Marianna Tessel, EVP SBSEG of INTU, was the latest INTU insider to sell. They sold $4,808,986.26 worth of INTU stock on Sep 11, 2023.
Get more info about who owns INTU stock here.
Can I get consistent income from INTU stock?
Intuit pays a dividend of 0.61%, compared to the Software - Application industry's average dividend yield of 2.19%. If you owned $1,000 of INTU stock, you would have received $6.14 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.
Click below to find out what other community members have to say.
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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