J.P. Morgan Reaffirms Their Hold Rating on Intuit

J.P. Morgan analyst Sterling Auty maintained a Hold rating on Intuit (NASDAQ: INTU) today and set a price target of $185. The company’s shares closed yesterday at $190.54, close to its 52-week high of $196.28.

According to TipRanks.com, Auty is a 5-star analyst with an average return of 16.2% and a 66.2% success rate. Auty covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Synchronoss Technologies, and Altair Engineering Inc.

Currently, the analyst consensus on Intuit is Moderate Buy and the average price target is $197, representing a 3.4% upside.

In a report issued on May 18, Barclays also maintained a Hold rating on the stock with a $190 price target.

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The company has a one-year high of $196.28 and a one-year low of $130.26. Currently, Intuit has an average volume of 1.46M.

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Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business, Consumer Tax, and ProConnect. The Small Business segment targets small businesses, self-employed, and accounting professionals. The Consumer Tax segment includes turbo income tax preparation products and services.