Intuit (INTU) Tops Q4 EPS by 10c; Guides Q1 EPS, Revenue Below Views
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Oppenheimer Raises Price Target on Intuit (INTU) to $116 Following 4Q Report
August 25, 2016 9:48 AM EDTOppenheimer reiterated an Outperform rating on Intuit (NASDAQ: INTU), and raised the price target to $116.00 (from $113.00), following the company's 4Q earnings report. QBO subscribers reached 1.513M as of 7/31/16 vs. guidance of 1.5M. Small Business Online Ecosystem revenue grew 25% y/y, primarily via online customer acquisition. INTU maintained... More
Brean Capital Raises Price Target on Intuit (INTU) to $135 Following Solid 4Q
August 24, 2016 10:19 AM EDTBrean Capital reiterated a Buy rating on Intuit (NASDAQ: INTU), and raised the price target to $135.00 (from $130.00), following the company's 4Q earnings report. INTU reported modest revenue upside and QBO subscriber count, while showing strong margin leverage. Guidance for FY17 was relatively in-line. However, F1Q guidance was lower than Street estimates.
Analyst Yun Kim commented, "INTU reported solid F4Q results, driven by steady business... More
Oppenheimer Remains Bullish on Intuit (INTU) Following 4Q Report
August 24, 2016 10:07 AM EDTOppenheimer reiterated an Outperform rating and $113.00 price target on Intuit (NASDAQ: INTU) following the company's 4Q earnings report. INTU reported EPS of $0.08, ahead of the Street's estimates for a loss of ($0.02). Although F1Q17 was guided below our/Street estimates, this was largely attributed to... More
