UPDATE: Wolfe Research Starts Intuit (INTU) at Outperform

April 22, 2021 4:25 PM EDT
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Price: $402.78 +0.72%

Rating Summary:
    23 Buy, 6 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - April 22, 2021 4:37 PM EDT)

Wolfe Research analyst Alex Zukin initiates coverage on Intuit (NASDAQ: INTU) with a Outperform rating and a price target of $475.00.

The analyst comments "We believe that the key catalysts will be a combination of continued positive forward looking indicators and growth acceleration on the SMB side coupled with a successful tax season that builds increased confidence in double digit durable consumer growth (at the higher range of historical performance) and surprising Credit Karma outperformance. We have built a detailed upside case that yields meaningful upside on both top and bottom lines driving 20% EPS growth in CY23."

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 $408.95 yesterday.

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