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Intuit (INTU) Stock Forecast & Price Target

Intuit logo
$674.28 +23.68 (+3.64%)
(As of 11:35 AM ET)

Intuit - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
5
Buy
14

Based on 19 Wall Street analysts who have issued ratings for Intuit in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 5 have given a hold rating, and 14 have given a buy rating for INTU.

Consensus Price Target

$737.06
9.31% Upside
According to the 19 analysts' twelve-month price targets for Intuit, the average price target is $737.06. The highest price target for INTU is $800.00, while the lowest price target for INTU is $600.00. The average price target represents a forecasted upside of 9.31% from the current price of $674.28.
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INTU Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
14 Buy rating(s)
18 Buy rating(s)
19 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$737.06$735.71$703.27$567.41
Forecasted Upside9.31% Upside20.69% Upside13.46% Upside0.56% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

INTU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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INTU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Intuit Stock vs. The Competition

TypeIntuitComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.74
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.29% Upside552.67% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent INTU News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/18/2024Scotiabank
5 of 5 stars
A. Verkhovski
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Initiated CoverageSector Perform$700.00+3.12%
11/15/2024Barclays
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$740.00 ➝ $800.00+16.57%
9/27/2024Piper Sandler
2 of 5 stars
 Reiterated RatingOverweight ➝ Overweight$768.00 ➝ $768.00+24.07%
8/23/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$770.00 ➝ $790.00+18.75%
8/23/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$585.00 ➝ $600.00-9.81%
8/23/2024Bank of America
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 Boost TargetBuy ➝ Buy$730.00 ➝ $780.00+17.24%
8/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$690.00 ➝ $795.00+19.50%
8/23/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$700.00 ➝ $760.00+14.24%
8/16/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$757.00 ➝ $757.00+15.90%
8/14/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$750.00 ➝ $685.00+6.07%
7/3/2024Royal Bank of Canada
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R. Jaluria
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Initiated CoverageOutperform$760.00+15.81%
6/28/2024Citigroup
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 Boost TargetBuy ➝ Buy$727.00 ➝ $750.00+14.12%
6/14/2024Erste Group Bank
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 Reiterated RatingBuy ➝ Hold
5/21/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$725.00 ➝ $750.00+12.34%
5/20/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$625.00 ➝ $670.00+0.18%
5/20/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$720.00 ➝ $740.00+11.92%
2/23/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$670.00 ➝ $725.00+9.75%
2/23/2024Mizuho
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 Boost TargetBuy ➝ Buy$670.00 ➝ $725.00+9.17%
2/23/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$678.00 ➝ $712.00+8.22%
9/29/2023Wolfe Research
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 Boost TargetOutperform ➝ Outperform$600.00 ➝ $660.00+27.73%
9/29/2023HSBC
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 Initiated CoverageHold$520.00+1.51%
9/6/2023Argus
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 Boost TargetBuy ➝ Buy$580.00 ➝ $640.00+16.24%
8/25/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$500.00 ➝ $570.00+14.34%
8/25/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$525.00 ➝ $575.00+15.35%
7/19/2023BNP Paribas
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 UpgradeUnderperform ➝ Neutral$532.00+7.38%
4/24/2023Atlantic Securities
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 Initiated CoverageOverweight$530.00+18.73%
3/15/2023Daiwa Capital Markets
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 Initiated CoverageOutperform$444.00+8.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:01 PM ET.


Should I Buy Intuit Stock? INTU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

Intuit
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Intuit Inc.:

  • Intuit Inc. has recently increased its annualized dividend to $4.16, with a dividend yield of 0.67%, indicating a commitment to rewarding shareholders with regular income.
  • Intuit Inc.'s dividend payout ratio (DPR) is currently at 34.45%, which suggests that the company is effectively managing its earnings to sustain dividend payments while reinvesting in growth.
  • Insider transactions show that company executives, including the CFO and EVP, have been selling shares, potentially signaling confidence in the company's future performance and financial stability.
  • Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed individuals, and accounting professionals, catering to a diverse market segment with growth potential.
  • Despite recent insider selling, Intuit Inc.'s stock price has remained relatively stable, indicating resilience in the face of executive transactions and potential market fluctuations.

Intuit
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Intuit Inc. for these reasons:

  • Recent insider selling by key executives, such as the CFO and EVP, may raise concerns about their confidence in the company's future performance or potential challenges ahead.
  • Intuit Inc.'s stock price has experienced fluctuations following insider transactions, indicating potential volatility in the market perception of the company's prospects.
  • While the dividend yield is at 0.67%, some investors may seek higher-yielding opportunities elsewhere, especially in a low-interest-rate environment.
  • Intuit Inc.'s exposure to economic cycles and regulatory changes in the financial services industry could impact its revenue streams and profitability in the future.
  • Investors should carefully monitor Intuit Inc.'s financial reports and market developments to assess any potential risks associated with the company's operations and competitive landscape.

INTU Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Intuit is $737.06, with a high forecast of $800.00 and a low forecast of $600.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" INTU shares.

According to analysts, Intuit's stock has a predicted upside of 9.31% based on their 12-month stock forecasts.

Intuit has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., Piper Sandler, Scotiabank, and Stifel Nicolaus in the past 90 days.

Analysts like Intuit more than other "computer and technology" companies. The consensus rating score for Intuit is 2.74 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how INTU compares to other companies.


This page (NASDAQ:INTU) was last updated on 11/21/2024 by MarketBeat.com Staff
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