Professional
Added to YB: 2024-06-06
Pitch date: 2024-05-28
INTU [bullish]
Intuit Inc.
+14.2%
current return
Author Info
No bio for this author
Company Info
Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States.
Market Cap
$184.3B
Pitch Price
$587.51
Price Target
740.00 (+10%)
Dividend
0.72%
EV/EBITDA
31.39
P/E
45.45
EV/Sales
9.65
Sector
Software
Category
growth
Intuit Inc.: Strong fiscal 3Q24 results; reiterating BUY rating and $740 target
INTU: FQ3 beats guidance on 12% rev growth, 11% adj EPS growth driven by 18% Small Biz & Self-Employed rev growth. Credit Karma +8% as challenges recede. Raised FY24 outlook to 13% rev growth, 17% EPS growth. Fundamentals strong despite macro headwinds. Executing AI-driven platform strategy. Reiterating BUY and $740 PT on historical comps, DCF, and peer valuation.
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