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.
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You can see all of the due diligence checks on INTU's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge INTU's intrinsic value.
Using relative valuations metrics:
You can access additional valuation research on INTU's stock here.
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.
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.
Intuit reported:
For Q4 2023:
For FY 2023:
Management guided:
For Q1 2024:
For FY 2024:
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.
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.
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.
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.
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