Oppenheimer Keeps a Buy Rating on Intuit (INTU)


In a report released today, Scott Schneeberger from Oppenheimer maintained a Buy rating on Intuit (INTU), with a price target of $308.00. The company’s shares closed last Thursday at $290.00, close to its 52-week high of $306.89.

According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.0% and a 56.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and General Finance.

Intuit has an analyst consensus of Moderate Buy, with a price target consensus of $297.93, representing a 2.3% upside. In a report issued on May 7, Credit Suisse also maintained a Buy rating on the stock with a $285.00 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 $1.7 billion and net profit of $240 million. In comparison, last year the company earned revenue of $1.5 billion and had a net profit of $189 million.

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Intuit, Inc. 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. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

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