UPDATE: Jefferies Starts Intuit (INTU) at Buy
(Updated - November 21, 2014 8:41 AM EST)
Jefferies initiated coverage on Intuit (NASDAQ: INTU) with a Buy rating and a price target of $110.00.
Analyst John DiFucci commented, "INTU, in our view, is well positioned to grow its QuickBooks Online (QBO) subscriber base to 2M+ by FY17 (43% CAGR) with better attach rates yielding upside to its FY17 $5.8B revenue and $5.00 non-GAAP EPS targets. We believe in management's ability to improve monetization of its installed base by leveraging unique data it collects from millions of small businesses."
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 $91.42 yesterday.