In a report released today, Scott Schneeberger from Oppenheimer assigned a Buy rating to Intuit (INTU), with a price target of $441.00. The company’s shares closed last Thursday at $410.73, close to its 52-week high of $423.74.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 12.8% and a 66.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and Stericycle.
Currently, the analyst consensus on Intuit is a Strong Buy with an average price target of $450.65, an 11.8% upside from current levels. In a report released yesterday, Merrill Lynch also initiated coverage with a Buy rating on the stock with a $460.00 price target.
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Based on Intuit’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.58 billion and net profit of $20 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $240 million.
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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.
