Intuit (INTU) Received its Third Buy in a Row


After Credit Suisse and Oppenheimer gave Intuit (NASDAQ: INTU) a Buy rating last month, the company received another Buy, this time from Argus Research. Analyst Jim Kelleher maintained a Buy rating on Intuit today and set a price target of $245. The company’s shares closed yesterday at $195.18.

According to TipRanks.com, Kelleher is a top 100 analyst with an average return of 19.0% and a 64.4% success rate. Kelleher covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Texas Instruments, and Ciena Corp.

Currently, the analyst consensus on Intuit is a Moderate Buy with an average price target of $241.78, a 23.9% upside from current levels. In a report issued on November 19, Credit Suisse also maintained a Buy rating on the stock with a $250 price target.

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The company has a one-year high of $231.84 and a one-year low of $150.43. Currently, Intuit has an average volume of 1.72M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Brad D. Smith, the COB, CEO & Pres of INTU sold 254,325 shares for a total of $57,897,699.

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, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner.

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