Latest news with #INTU
Business Insider
14 hours ago
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Nextdc Limited (OtherNXDCF) and Intuit (INTU)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Nextdc Limited (NXDCF – Research Report) and Intuit (INTU – Research Report) with bullish sentiments. Confident Investing Starts Here: Nextdc Limited (NXDCF) In a report released today, Tim Plumbe from UBS maintained a Buy rating on Nextdc Limited, with a price target of A$20.20. The company's shares closed last Tuesday at $8.91, close to its 52-week low of $8.88. According to Plumbe is a 2-star analyst with an average return of 0.2% and a 41.7% success rate. Plumbe covers the NA sector, focusing on stocks such as Corporate Travel Management Limited, Flight Centre Travel Group Limited, and WEB Travel Group. Currently, the analyst consensus on Nextdc Limited is a Strong Buy with an average price target of $12.16, a 36.5% upside from current levels. In a report issued on May 27, Citi also maintained a Buy rating on the stock with a A$18.70 price target. Intuit (INTU) Jefferies analyst Brent Thill maintained a Buy rating on Intuit yesterday and set a price target of $850.00. The company's shares closed last Tuesday at $762.10. According to Thill is a 5-star analyst with an average return of 13.9% and a 65.7% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, CoreWeave, Inc. Class A, and Palantir Technologies. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $814.71 average price target, representing a 6.9% upside. In a report issued on May 28, Scotiabank also maintained a Buy rating on the stock with a $800.00 price target.
Yahoo
19 hours ago
- Business
- Yahoo
Jim Cramer on Intuit (INTU): 'Three Aces There'
We recently published a list of . In this article, we are going to take a look at where Intuit Inc. (NASDAQ:INTU) stands against other stocks that Jim Cramer discusses. While discussing Intuit Inc. (NASDAQ:INTU), Cramer said that it is a stock that he really likes. 'Now, each day has its own Mosaic… And why don't we just throw in another one that I really like, Intuit? The small business person's digital accountant, or so I like to think about the TurboTax division. Three aces there.' Intuit (NASDAQ:INTU) develops financial, tax, and marketing solutions for individuals and businesses as it provides software and services for accounting, payroll, tax preparation, credit management, and customer engagement across a range of platforms and channels. In February, Cramer talked about Intuit (NASDAQ:INTU) during an episode of Squawk on the Street. He said: 'Carl there was a thought that maybe Intuit was not gonna make the quarter. Uh, its [inaudible] about global business solutions. Consumers only have three percent. But, uh, Credit Karma was magnificent, uh, 16% dividend boost. Morgan Stanley goes hold to buy, fantastic, just fantastic situation. I like those guys very much. I think people really misjudge, there are small businesses still very strong in this country. A professional tax preparer, using a laptop to complete an income tax return. … [On whether tax filing plays a large role] They've managed to be able to kind of avoid that by making it really much more small businesses. Uh, and, wow I mean having used it as a restaurant owner it's a really extraordinary, it's a powerful product. Makes it easygoing.' Overall, INTU ranks 17th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Here's Why Intuit (INTU) is a Great Momentum Stock to Buy
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Intuit (INTU), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Intuit currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if INTU is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of TurboTax, QuickBooks and other accounting software holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For INTU, shares are up 2.4% over the past week while the Zacks Computer - Software industry is up 2.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18% compares favorably with the industry's 2.22% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Intuit have risen 28.85%, and are up 34.44% in the last year. On the other hand, the S&P 500 has only moved 4.9% and 13.46%, respectively. Investors should also take note of INTU's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, INTU is averaging 1,919,823 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with INTU. Over the past two months, 11 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost INTU's consensus estimate, increasing from $19.31 to $20.06 in the past 60 days. Looking at the next fiscal year, 10 estimates have moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that INTU is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Intuit on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on Intuit (INTU): 'Three Aces There'
We recently published a list of . In this article, we are going to take a look at where Intuit Inc. (NASDAQ:INTU) stands against other stocks that Jim Cramer discusses. While discussing Intuit Inc. (NASDAQ:INTU), Cramer said that it is a stock that he really likes. 'Now, each day has its own Mosaic… And why don't we just throw in another one that I really like, Intuit? The small business person's digital accountant, or so I like to think about the TurboTax division. Three aces there.' Intuit (NASDAQ:INTU) develops financial, tax, and marketing solutions for individuals and businesses as it provides software and services for accounting, payroll, tax preparation, credit management, and customer engagement across a range of platforms and channels. In February, Cramer talked about Intuit (NASDAQ:INTU) during an episode of Squawk on the Street. He said: 'Carl there was a thought that maybe Intuit was not gonna make the quarter. Uh, its [inaudible] about global business solutions. Consumers only have three percent. But, uh, Credit Karma was magnificent, uh, 16% dividend boost. Morgan Stanley goes hold to buy, fantastic, just fantastic situation. I like those guys very much. I think people really misjudge, there are small businesses still very strong in this country. A professional tax preparer, using a laptop to complete an income tax return. … [On whether tax filing plays a large role] They've managed to be able to kind of avoid that by making it really much more small businesses. Uh, and, wow I mean having used it as a restaurant owner it's a really extraordinary, it's a powerful product. Makes it easygoing.' Overall, INTU ranks 17th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
Intuit Inc. (INTU): A Bull Case Theory
We came across a bullish thesis on Intuit Inc. (INTU) on Librarian Capital's Substack. In this article, we will summarize the bulls' thesis on INTU. Intuit Inc. (INTU)'s share was trading at $757.22 as of 29th May. INTU's trailing and forward P/E were 61.81 and 33.78 respectively according to Yahoo Finance. A computer programmer working on a holographic digital twin technology software solution. Intuit continues to demonstrate strong operating momentum, reaffirming its position as a high-quality compounder delivering double-digit revenue and earnings growth. In its Q3 FY25 results, released May 22, the company reported accelerating growth across key platforms, particularly TurboTax and Credit Karma, underscoring management's effective execution and diversification. Non-GAAP EPS growth is projected to reach 19% for FY25, with higher-value segments more than offsetting commoditization in legacy offerings. Despite these positive trends, valuation remains the central risk: at $754.45, shares trade at roughly 44x FY25 Non-GAAP EPS and a steep ~100x FY24 free cash flow, once adjusted for share-based compensation. This reflects a current IRR in the high single digits (~7%), though longer-term returns are expected to gravitate toward mid-teens as growth compounds and valuation multiples potentially compress. The market has responded positively, sending shares up over 14% since earnings and 25.7% in the past year. Notably, Fundsmith, a prominent quality-focused U.K. investment firm managing over £20 billion, recently re-initiated a small position in Intuit, after exiting in late 2022, highlighting renewed institutional confidence. While the author maintains a Buy rating, as they have since 2019, they now frame the stock as best suited for long-term investors with a defensive tilt, given elevated multiples. Importantly, the author holds shares personally but has refrained from selling, partly due to large unrealized capital gains. With strong core business momentum, promising segment growth, and disciplined capital allocation, Intuit remains an attractive, albeit richly priced, investment that rewards patient shareholders focused on quality and compounding. Previously, we have covered Intuit Inc. (INTU) before their earnings release wherein we summarized a by Quality Equities on Substack. The author highlighted the company's strong recurring revenue model, high-margin SaaS business, and dominant platforms like TurboTax and QuickBooks. The piece emphasized Intuit's pricing power, strategic expansion into AI and fintech, and projected 20%+ earnings CAGR, positioning it as a rare long-term compounder despite a premium valuation. Since our previous coverage, the stock is up 15.3% as of 29th May. Intuit Inc. (INTU) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 87 hedge fund portfolios held INTU at the end of the first quarter which was 89 in the previous quarter. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
