Intuit Stock Forecast, Price & News NASDAQ:INTU

These big bets include areas like expanding the small business ecosystem, which we think makes sense, as we think accounting is one of the first entry points for a small business’ tech stack. We believe Intuit’s track record of worthwhile investments in innovation will pay off in the long term. Our fair value estimate for the wide-moat name is $500 per share, which leaves shares fairly valued. Intuit issued an update on its first quarter 2024 earnings guidance on Monday, August, 28th. The company provided earnings per share (EPS) guidance of $1.94-$2.00 for the period, compared to the consensus earnings per share estimate of $1.99. The company issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.93 billion.

Future planned enhancements to QuickBooks Money include subscription-free access to other QuickBooks small business solutions such as bill pay, in-person payments, and lending. QuickBooks Money customers can also seamlessly upgrade to QuickBooks’ ecosystem of subscription-based services such as accounting, payroll, and more at any time. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

Intuit Inc

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This means that existing accounts are engaging more with the service, demonstrating that there are some loyal PayPal customers out there. Dan Schulman, PayPal’s CEO since the eBay spin-off, is set to retire at the end of this year. He led the payments company to huge gains for most of the past eight or so years, but he has certainly made some mistakes that shareholders should be disappointed with. But things haven’t been so rosy over the past several quarters.

INTU Overview

PayPal (PYPL 2.63%) has seriously crushed investors’ portfolios, as the stock is down 79% from its peak price set in July 2021. Even this year, when the overall market has bounced back from last advantage of rfid year’s double-digit loss, this payments business has gotten hammered. Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors.

• We believe Intuit’s track record of worthwhile investments in innovation will pay off in the long term.
• Alex Chriss, executive vice president and general manager of the Small Business and Self-Employed Group at Intuit, is slated to take over the lead role.
• TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Palo Alto.
• PayPal’s trailing-12-month revenue totaled $29 billion — a long way off from hitting $50 billion anytime soon.

INTU’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns.

Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. TALLINN, Estonia–(BUSINESS WIRE)–Katana Technologies, a fast-growth innovator of inventory software solutions for small and medium-sized businesses (SMBs), today announced its integration with Intui… Intuit Inc.’s stock initially dipped 3% in extended trading Thursday after the software company reported quarterly results that topped analyst estimates but issued tepid revenue guidance for its curre… This capital could’ve been returned to shareholders in the form of stock buybacks, which probably would’ve helped support the stock price somewhat. While the COVID-19 pandemic was a huge headwind for many companies out there, it turned out to benefit PayPal tremendously, as revenue, total payment volume (TPV), and active accounts surged in 2020 and 2021. Flush with cash and limited in places to spend it, consumers turned to online shopping, which leans toward discretionary spending, something that propelled PayPal.

TurboTax misled consumers with ads touting free filing, FTC judge rules

Style is calculated by combining value and growth scores, which are first individually calculated. 785 employees have rated Intuit Chief Executive Officer Sasan Goodarzi on Glassdoor.com. Sasan Goodarzi has an approval rating of 92% among the company’s employees. This puts Sasan Goodarzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Intuit’s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (56.16%), BlackRock Inc. (8.29%), State Street Corp (4.03%), Geode Capital Management LLC (1.90%), Brown Advisory Inc. (1.26%) and Northern Trust Corp (1.09%).

INTU Company Calendar

Intuit CEO Sasan Goodarzi joins ‘Squawk on the Street’ to discuss why the company’s stock is up $100 since May, if the Street is attached to use cases for AI, and Goodarzi’s broader view on consumer h… Small and medium-sized businesses (SMBs) have long been aware of Intuit’s suite of products. After all, the global technology platform is responsible for Quickbooks, TurboTax, Credit Karma and Mailchi…

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit is hosting Innovation Day on Sept. 6, 2023, to unveil new generative AI platform and product experiences for consumers and small businesses. According to 19 analysts, the average rating for INTU stock is “Strong Buy.” The 12-month stock price forecast is $568.63, which is an increase of 3.86% from the latest price. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Is this leading fintech stock worth buying right now on the dip? Banking services provided by our partner, Green Dot Bank, Member FDIC.

Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software. 23 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” INTU shares. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

• Flush with cash and limited in places to spend it, consumers turned to online shopping, which leans toward discretionary spending, something that propelled PayPal.
• A judge ruled that Intuit violated Section 5 of the FTC Act by misleading consumers with “free” service claims.
• The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
• PayPal (PYPL 2.63%) has seriously crushed investors’ portfolios, as the stock is down 79% from its peak price set in July 2021.
• Style is calculated by combining value and growth scores, which are first individually calculated.
• Style is an investment factor that has a meaningful impact on investment risk and returns.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of INTU stock can currently be purchased for approximately $541.95. Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit is introducing Intuit Assist, a new generative AI-powered assistant that delivers personalized, intelligent recommendations for customers.

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A judge ruled that Intuit violated Section 5 of the FTC Act by misleading consumers with “free” service claims. A Federal Trade Commission administrative law judge ruled that Intuit, the maker of the widely used TurboTax filing software, engaged in deceptive advertising when it told customers that its service w… Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Alex Chriss, executive vice president and general manager of the Small Business and Self-Employed Group at Intuit, is slated to take over the lead role.

PayPal’s adjusted-operating margin in Q2 was 21.4%, and it generated $3.7 billion in free cash flow in the last 12 months. This isn’t some unprofitable company struggling with its finances. Moreover, PayPal currently has a net-cash position of $3.9 billion. This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality.

Intuit announced a quarterly dividend on Tuesday, August 22nd. Shareholders of record on Monday, October 9th will be paid a dividend of $0.90 per share on Tuesday, October 17th. This represents a $3.60 annualized dividend and a yield of 0.66%. This is a positive change from the stock’s previous quarterly dividend of $0.78. https://1investing.in/ The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit after the commission said the company misled consumers with deceptive advertisements pitching “free… TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Palo Alto.