A share price of Intuit Inc [INTU] is currently trading at $674.15, up 3.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INTU shares have gain 10.46% over the last week, with a monthly amount glided 8.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Intuit Inc [NASDAQ: INTU] stock has seen the most recent analyst activity on August 23, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $760 from $700. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 14, 2024, and dropped its price target to $685. On July 03, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $760 on the stock. Jefferies reiterated its Buy rating but stick to its price target of $770 on June 13, 2024. Susquehanna initiated its recommendation with a Positive and recommended $700 as its price target on December 15, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 29, 2023, and assigned it a price target of $520. In a note dated July 19, 2023, Exane BNP Paribas upgraded an Neutral rating on this stock but restated the target price of $532.
Intuit Inc experienced fluctuations in its stock price throughout the past year between $506.97 and $676.62. Currently, Wall Street analysts expect the stock to reach $715.09 within the next 12 months. Intuit Inc [NASDAQ: INTU] shares were valued at $674.15 at the most recent close of the market. An investor can expect a potential return of 6.07% based on the average INTU price forecast.
Analyzing the INTU fundamentals
Trailing Twelve Months sales for Intuit Inc [NASDAQ:INTU] were 16.29B which represents 17.40% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.17 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 658.89 points at the first support level, and at 643.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 682.25, and for the 2nd resistance point, it is at 690.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Intuit Inc [NASDAQ:INTU] is 1.29. As well, the Quick Ratio is 1.29, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 11.60, the price to book ratio is 10.25 and price to earnings (TTM) ratio is 64.60.
Transactions by insiders
Recent insider trading involved Aujla Sandeep, EVP and CFO, that happened on Oct 10 ’24 when 4000.0 shares were sold. Officer, Aujla Sandeep completed a deal on Oct 10 ’24 to buy 4000.0 shares. Meanwhile, EVP and CFO Aujla Sandeep sold 775.0 shares on Oct 03 ’24.
