Intuit (INTU) PT Raised to $190 at Deutsche Bank

February 12, 2018 6:25 AM EST
Get Alerts INTU Hot Sheet
Price: $528.26 -3%

Rating Summary:
    24 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
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Deutsche Bank raised its price target on Intuit (NASDAQ: INTU) to $190.00 (from $180.00) while maintaining a Buy rating.

Analyst Nandan Amladi commented, "Intuit pulling ahead but Xero not far behind. In our Global FITT report of September 2016, "A deep dive into cloud accounting software", we took a comprehensive view of this segment and the four major public vendors: Intuit, Sage, Xero and MYOB. This update assesses these stocks based on fresh metrics and field checks from each region. QBO’s growth rate has accelerated in recent quarters, while Xero’s has moderated somewhat, but the two remain well ahead of Sage and MYOB in size and geographic reach. We see Intuit best positioned to tap into the burgeoning gig economy and rate INTU shares a top pick in this peer group."

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