In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Intuit (NASDAQ: INTU), with a price target of $219. The company’s shares closed yesterday at $219.86, close to its 52-week high of $221.12.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Coupa Software Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intuit with a $224.71 average price target, a 2.2% upside from current levels. In a report issued on August 24, RBC Capital also maintained a Hold rating on the stock with a $230 price target.
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The company has a one-year high of $221.12 and a one-year low of $140.21. Currently, Intuit has an average volume of 1.33M.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Last month, Mark Flournoy, the VP & CAO of INTU sold 9,292 shares for a total of $2,033,976.
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.
