Intuit (INTU) Tops Q4 EPS by 22c, Offers Guidance
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August 25, 2023 4:38 AM EDT
Goldman Sachs analyst Kash Rangan raised the price target on Intuit (NASDAQ: INTU) to $595.00 (from $565.00) while maintaining a Buy rating.
The analyst comments "INTU is -2% despite outperforming key metrics (Revenue, Operating Margin, and EPS) all besting Consensus (FactSet) by 3%/+130bps/15%, driven by Credit Karma (+7.5% vs FactSet). Investors are likely contemplating the choppiness of payments growth (+22% vs... More
August 25, 2023 4:36 AM EDT
Evercore ISI analyst Kirk Materne raised the price target on Intuit (NASDAQ: INTU) to $530.00 (from $505.00) while maintaining a Outperform rating.
The analyst comments "The set up into the F4Q results was tricky as beyond having to deliver solid F4Q results (which INTU did), if the company left the FY24 tax guidance at ~10% for FY24, there would have been a ton... More
