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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 $636.56, down 0.14% from the previous day, and has increased 27.17% in one year. It has overperformed other stocks in the Software - Application industry by 0.11 percentage points. Intuit stock is currently +34.42% from its 52-week low of $473.56, and -5.92% from its 52-week high of $676.62.

As of Jul 19, 2024, there are 279.55M INTU shares outstanding. The market value of INTU is $177.95B. In the past 24 hours, 992,482 INTU shares were traded.

How to Buy Intuit Stock

Wondering how to invest in Intuit stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$636.56
1w %
-0.84%
1y %
27.17%
5y %
127.9%
P/E
58.03x
P/B
9.49x
P/S
11.27x
PEG
5.52x
Revenue
$15.81B
Earnings
$3.07B
Fore. Rev. Growth
7.4%
Fore. Earn. Growth
11.69%
Market Cap
$177.95B
Next Earnings
Aug 22, 2024
Next Dividend
N/A

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 overvalued based on its P/E ratio of 58.03x, relative to Software - Application industry P/E ratio of 23.21x
  • INTU may be overvalued based on its P/B ratio of 9.49x, relative to Software - Application industry P/B ratio of 6.3x
  • INTU may be overvalued based on its PEG ratio of 5.52x

You can access additional valuation research on INTU's stock here.

INTU Financial Health Summary

Passed Financial Due Diligence Checks:

  • INTU earnings of $3.94B is not sufficient to cover its interest payments.
  • INTU's operating cash flow of $5.31B 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 15.9% to 19.4% 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 0.68.

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

James Friedman, a bottom 2% analyst from Susquehanna maintains INTU with a strong buy rating and lowers their INTU price target from $775.00 to $757.00, on May 24, 2024.

Brad Reback, a top 9% analyst from Stifel Nicolaus maintains INTU with a strong buy rating and lowers their INTU price target from $720.00 to $690.00, on May 24, 2024.

Brad Sills, a top 5% analyst from Bank of America maintains INTU with a strong buy rating and lowers their INTU price target from $760.00 to $730.00, on May 24, 2024.

Michael Turrin, a bottom 10% analyst from Wells Fargo maintains INTU with a strong buy rating and raises their INTU price target from $725.00 to $750.00, on May 21, 2024.

Wells Fargo's Michael Turrin raised their price target on Intuit (NASDAQ: INTU) by 3.4% from $725 to $750 on 2024/05/21. The analyst maintained their Strong Buy rating on the stock.

Intuit will report its Q3 2024 earnings on 2024/05/23.

Ahead of the print, Turrin said that "Wells Fargo sees a favorable setup for Intuit in the near-term in view of a likely return to normal for tax growth and the scarcity of large-cap software companies delivering upward EPS revisions."

Footnotes

Yahoo Finance reports that the current consensus EPS estimate for Intuit's Q3 is $9.37 which, if achieved, would represent a 5% gain over Q3 2023's $8.92.

Jennifer Swanson Lowe, a top 26% analyst from UBS maintains INTU with a hold rating and raises their INTU price target from $625.00 to $670.00, on May 20, 2024.

You can dive deeper into what analysts are forecasting on the Intuit stock forecast page.

INTU Technicals

SMA10
647.15
SMA20
646.99
SMA50
625.67
SMA100
631.24
SMA200
606.78
MACD
7.65
MACD Signal
9.61
MACD Histogram
-1.96
RSI
49.53
Stochastic %K
41.91
Stochastic %D
59.08
StochRSI %K
17.56
StochRSI %D
37.02

INTU Performance Metrics

Last year, INTU earnings were $3.07B. Over the last 5 year, INTU's earnings have gone up by 12.83% per year. This was slower than the Software - Application industry average of 18.53%.

Last year, INTU revenue was $15.81B. In the last five year, INTU's revenue has grown by 18.9% per year. This was slower than the Software - Application industry average of 30.35%.

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 $690,997.47 worth of INTU stock on Jul 3, 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 2.69%. If you owned $1,000 of INTU stock, you would have received $5.66 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:

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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:

  1. Choose where to buy Intuit stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Intuit stock
  5. Execute your INTU buy order
  6. 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 Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Intuit, add INTU to your watchlist by clicking the button below.

NASDAQ: INTU
$636.56-0.91 (-0.14%)
Updated Jul 19, 2024
Open eToro Account
NASDAQ: INTU
$636.56-0.91 (-0.14%)
Updated Jul 19, 2024
Open eToro Account

FAQ

How much does it cost to buy one Intuit share?

As of Jul 19, 2024, it costs $636.56 to buy one share of Intuit stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.157 shares of INTU.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Intuit stock?

According to 18 Wall Street analysts who monitor Intuit, their consensus recommendation is to buy Intuit stock.

What is the best way to buy Intuit stock?

One way to place an order for Intuit stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.