Wells Fargo analyst Michael Turrin maintained a Buy rating on Intuit (INTU – Research Report) on April 26 and set a price target of $725.00. The company’s shares closed last Friday at $636.55.
Turrin covers the Technology sector, focusing on stocks such as HubSpot, Microsoft, and Adobe. According to TipRanks, Turrin has an average return of -3.9% and a 46.94% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $710.15 average price target, implying an 11.56% upside from current levels. In a report released on April 26, Jefferies also maintained a Buy rating on the stock with a $760.00 price target.
Based on Intuit’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $3.39 billion and a net profit of $353 million. In comparison, last year the company earned a revenue of $3.04 billion and had a net profit of $168 million
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTU in relation to earlier this year. Most recently, in February 2024, Kerry J McLean, the EVP, Gen. Counsel & Corp.Sec of INTU sold 3,692.00 shares for a total of $2,450,860.36.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intuit (INTU) Company Description:
Incorporated in 1983, California-based Intuit, Inc., a software company, provides financial management solutions and compliance products and services for small businesses, accountants, and individuals. It operates through the following segments: Small Business and Self-Employed Group; Consumer Group; ProConnect Group and Credit Karma.
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