Intuit (INTU) Receives Price Target

Intuit (INTU) : The highest level Intuit (INTU) is projected to reach is $135 for the short term and the lowest estimate is at $113. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $124.57 and the possibility the share price can swing is $9.31.

Intuit (INTU) : 5 brokerage houses believe that Intuit (INTU) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Intuit (INTU). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.


Also, In the latest statement by the brokerage house, Oppenheimer maintains its outlook on Intuit (NASDAQ:INTU). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $113 per share to $116 per share. The rating by the firm was issued on August 25, 2016.

Intuit (NASDAQ:INTU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $111.28 and $110.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $112.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $112.34, notching a gain of 0.80% for the day. The total traded volume was 1,339,907 . The stock had closed at $111.45 on the previous day.

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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