Intuit (INTU) Tops Q1 EPS by 5c; Issues Solid Q2 Outlook

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UBS Raises Price Target on Intuit (INTU) to $135 Following 1Q Beat

November 18, 2016 9:25 AM EST

UBS reiterated a Buy rating on Intuit (NASDAQ: INTU), and raised the price target to $135.00 (from $134.00), following the company's 1Q earnings report. INTU reported revenues of $778m, ahead of UBS's estimate of 760m. EPS was reported at 0.06, beating estimates of 0.03. 2017 revenue expectations remain at 5,100m, or at the high end of guide range of $5,000-5,100M. EPS estimates of $4.50 is slightly above guide... More