Intuit Inc(NASDAQ:INTU) shares tanked in premarket and morning trading on Friday, even after the company reported strong results for its fiscal third quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
BofA Securities OnIntuit
AnalystBrad Sillsmaintained a Buy rating while cutting the price target from $760 to $730.
"With the major tax quarter now behind Intuit, the company issued a disappointing FY24 outlook," Sills wrote in a note. The company projected 7%-8% consumer tax growth for fiscal 2024, while "we were expecting 9% to 10%," he added.
The lower projection was due to share losses at...
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