Analyst Price Target Update on Intuit (NASDAQ:INTU)

Intuit (NASDAQ:INTU) shares are expected to touch $114.75 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 13.87. The target price could hit $134 on the higher end and $93 on the lower end.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Intuit (NASDAQ:INTU). The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs announces the current price target of $117 per share on Intuit . The rating by the firm was issued on May 23, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (VP, Chief Accounting Officer) of Intuit Inc, Flournoy Mark J sold 10,627 shares at $107.28 on May 27, 2016. The Insider selling transaction had a total value worth of $1,140,065. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Intuit (NASDAQ:INTU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.78 points or 0.73% at $105.66 with 1,342,841 shares getting traded. Post opening the session at $105.59, the shares hit an intraday low of $105.59 and an intraday high of $106.97 and the price was in this range throughout the day. The company has a market cap of $27,035 million and the number of outstanding shares have been calculated to be 255,871,260 shares. The 52-week high of Intuit (NASDAQ:INTU) is $108.95 and the 52-week low is $79.63.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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