UBS Maintains a 'Buy' on Intuit (INTU); Dip Offers Opportunity

August 22, 2012 11:10 AM EDT
Get Alerts INTU Hot Sheet
Price: $115.58 -0.18%

Rating Summary:
    9 Buy, 10 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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UBS maintains a 'Buy' on Intuit (NASDAQ: INTU) price target of $67.00 (from $63.00).

Analyst, Brent Thill, said, "INTU was down as much as 3% after hours based on what initially appeared to be a miss and weak guidance. However, when adjusted for various moving pieces, INTU’s business health and L-T strategy remain intact – focused on serving small businesses, and delivering double digit organic revenue growth with high predictability (>80% recurring rev) and expanding margins. We view INTU as a defensive play in the current environment due to <5% of revenues outside U.S. and no exposure to large enterprise or government customers."

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 $58.95 yesterday.

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