Analysts Say Intuit (INTU) Growth Story Intact

November 16, 2012 9:15 AM EST Send to a Friend
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Price: $98.00 -0.69%

Rating Summary:
    9 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 28 | New: 24
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Yesterday evening Intuit (NASDAQ: INTU) reported its fiscal first-quarter earnings report. EPS was reported in line with Street estimates and Intuit provided guidance with adjustments for the second and third quarters.

Commenting on the results, analyst Scott Schneeberger said "The quarter was relatively uneventful with INTU's growth story still intact."

"The lack of tax code visibility/recent deceleration in TurboTax volume will require strong marketing/execution this year. However, we anticipate the strength being exhibited in the Small Business Division, particularly in QuickBooks and Payments, to help INTU accomplish its FY13 financial goals," added Schneeberger,

Oppenheimer has an Outperform rating on Intuit (NASDAQ: INTU) and a price target of $65.00.

For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.

Shares of Intuit closed at $58.47 yesterday.

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