Intuit (INTU) Stock Forecast & Price Target

$634.62 -5.50 (-0.86%)

(As of 11/25/2024 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

Moderate Buy

Based on 19 Analyst Ratings

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

$737.44
16.20% Upside

According to the 19 analysts' twelve-month price targets for Intuit, the average price target is $737.44. The highest price target for INTU is $800.00, while the lowest price target for INTU is $640.00. The average price target represents a forecasted upside of 16.20% from the current price of $634.62.

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INTU Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
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)	16 Buy rating(s)	18 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$737.44	$735.71	$716.35	$563.17
Forecasted Upside	16.20% Upside	20.75% Upside	16.09% Upside	0.35% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Intuit Stock vs. The Competition

Type	Intuit	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.74	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	16.20% Upside	526.05% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent INTU News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Royal Bank of Canada 4 of 5 stars	R. Jaluria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$760.00 ➝ $760.00	+16.97%
11/22/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$790.00 ➝ $800.00	+23.13%
11/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$600.00 ➝ $640.00	-2.05%
11/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$795.00 ➝ $725.00	+10.96%
11/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$712.00 ➝ $722.00	+8.41%
11/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$800.00 ➝ $775.00	+14.07%
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11/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$685.00 ➝ $730.00	+7.45%
11/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$768.00 ➝ $765.00	+12.60%
11/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$700.00	+3.12%
8/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$730.00 ➝ $780.00	+17.24%
8/23/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$700.00 ➝ $760.00	+14.24%
8/16/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$757.00 ➝ $757.00	+15.90%
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$727.00 ➝ $750.00	+14.12%
6/14/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
5/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$725.00 ➝ $750.00	+12.34%
5/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$625.00 ➝ $670.00	+0.18%
5/20/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$720.00 ➝ $740.00	+11.92%
2/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$670.00 ➝ $725.00	+9.75%
2/23/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$670.00 ➝ $725.00	+9.17%
9/29/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$600.00 ➝ $660.00	+27.73%
9/29/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$520.00	+1.51%
9/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$580.00 ➝ $640.00	+16.24%
8/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$500.00 ➝ $570.00	+14.34%
8/25/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$525.00 ➝ $575.00	+15.35%
7/19/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$532.00	+7.38%
4/24/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$530.00	+18.73%
3/15/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$444.00	+8.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:36 AM 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 Friday, November 22, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

Intuit
Bull Case

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

Intuit Inc. recently reported a quarterly earnings per share (EPS) of $1.99, exceeding the consensus estimate of $1.85, indicating strong financial performance and effective management.
The company's revenue for the last quarter was $3.18 billion, surpassing expectations and reflecting a year-over-year growth of 17.4%, showcasing its robust business model and market demand.
As of the latest trading session, Intuit Inc. stock is priced at $650.60, which is a significant increase from its twelve-month low of $557.29, suggesting positive market sentiment and potential for further appreciation.
Analysts have a consensus rating of "Moderate Buy" for Intuit Inc., with a target price around $737.06, indicating that many experts believe the stock has room to grow.
The company maintains a healthy financial position with a current ratio of 1.29 and a low debt-to-equity ratio of 0.30, suggesting it can cover its short-term liabilities and is not overly reliant on debt for financing.

Intuit
Bear Case

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

Insider selling has been notable, with a total of 55,297 shares sold worth over $35 million in the last ninety days, which may indicate a lack of confidence among those closest to the company.
Despite recent growth, the stock has experienced volatility, recently trading down 3.6% to $654.50, which could be a concern for risk-averse investors.
Some analysts have lowered their price targets, such as Stifel Nicolaus reducing their target from $795.00 to $725.00, which may reflect caution about future performance.
The stock has a high price-to-earnings (P/E) ratio of 62.52, suggesting it may be overvalued compared to its earnings, which could deter value-focused investors.
With a beta of 1.25, Intuit Inc. is more volatile than the market, indicating that its stock price may fluctuate more significantly, which could pose risks for investors seeking stability.

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 $737.44, with a high forecast of $800.00 and a low forecast of $640.00.
: 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 16.20% based on their 12-month stock forecasts.
: Intuit has been rated by research analysts at Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Piper Sandler, Royal Bank of Canada, 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.

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This page (NASDAQ:INTU) was last updated on 11/26/2024 by MarketBeat.com Staff

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Intuit (INTU) Stock Forecast & Price Target