Edward Jones Reiterates Buy Rating on Intuit (INTU)
Edward Jones analyst Logan Purk reiterated a Buy rating on Intuit (NASDAQ: INTU).
The analyst comments "Leader in Tax-Prep and Business Software - Intuit maintains about a 73% market share in tax-filing software and about a 70% share in business-accounting software. With customer retention rates above 80%, we believe this reflects the stability of its client relationships and higher switching costs for businesses. These positions help maintain and grow Intuit's customer base."
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Shares of Intuit closed at $662.26 yesterday.