Intuit (INTU) Stock Forecast & Price Target

$616.68

-2.62 (-0.42%)

(As of 10/11/2024 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 18 Analyst Ratings

Sell
0

Hold
4

Buy
14

Based on 18 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 18 analysts, 4 have given a hold rating, and 14 have given a buy rating for INTU.

Consensus Price Target

$735.71
19.30% Upside

According to the 18 analysts' twelve-month price targets for Intuit, the average price target is $735.71. The highest price target for INTU is $795.00, while the lowest price target for INTU is $600.00. The average price target represents a forecasted upside of 19.30% from the current price of $616.68.

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INTU Analyst Ratings Over Time

Type	Current Forecast 10/13/23 to 10/12/24	1 Month Ago 9/13/23 to 9/12/24	3 Months Ago 7/15/23 to 7/14/24	1 Year Ago 10/13/22 to 10/13/23
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)	15 Buy rating(s)	19 Buy rating(s)	19 Buy rating(s)
Hold	4 Hold rating(s)	5 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	$735.71	$720.37	$687.22	$567.41
Forecasted Upside	19.30% Upside	11.45% Upside	7.05% Upside	6.45% 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	2.78	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.30% Upside	1,684.28% Upside	6.83% 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
9/27/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$768.00 ➝ $768.00	+24.07%
8/23/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$745.00 ➝ $740.00	+17.26%
8/23/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$770.00 ➝ $790.00	+18.75%
8/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$585.00 ➝ $600.00	-9.81%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$690.00 ➝ $795.00	+19.50%
Get the Latest News and Ratings for INTU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Intuit and its competitors with MarketBeat's FREE daily newsletter.
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%
8/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$750.00 ➝ $685.00	+6.07%
7/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Jaluria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$760.00	+15.81%
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%
2/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$678.00 ➝ $712.00	+8.22%
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 Saturday at 03:20 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 Monday, October 7, 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. has been consistently increasing its dividend payouts, with the latest quarterly dividend being raised to $1.04 per share, indicating a strong commitment to rewarding shareholders.
Recent insider selling activities may indicate that company executives believe the stock is overvalued, potentially prompting a reevaluation of the stock's true value.
Intuit Inc. reported strong quarterly earnings results, beating analysts' estimates with an EPS of $1.99, showcasing the company's ability to generate profits.
Analysts have provided positive ratings and price target upgrades for Intuit Inc., indicating a favorable outlook on the company's future performance and growth potential.
Despite a slight decrease in stock price, Intuit Inc. maintains a solid market capitalization of $170.71 billion, reflecting the company's stability and market presence.

Intuit
Bear Case

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

Insider selling activities, including significant shares sold by company executives, may raise concerns about the company's internal outlook and future prospects.
Intuit Inc.'s stock price has experienced a slight decline, trading down 0.6% recently, which could indicate potential market volatility or investor uncertainty.
The company's P/E ratio of 56.30 and P/E/G ratio of 3.13 suggest that the stock may be trading at a premium compared to its earnings growth potential, potentially limiting short-term gains.
Intuit Inc.'s debt-to-equity ratio of 0.30 may raise concerns about the company's leverage and financial risk, impacting investor confidence in the stock.
While the company has a strong market capitalization, the beta of 1.24 indicates that Intuit Inc. may be more volatile compared to the overall market, posing additional risk for investors.

INTU Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Intuit is $735.71, with a high forecast of $795.00 and a low forecast of $600.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INTU shares.
: According to analysts, Intuit's stock has a predicted upside of 19.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Intuit's stock had 1 downgrade by analysts.
: Intuit has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Stifel Nicolaus, and Susquehanna in the past 90 days.
: Analysts like Intuit more than other "computer and technology" companies. The consensus rating score for Intuit is 2.78 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how INTU compares to other companies.

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This page (NASDAQ:INTU) was last updated on 10/12/2024 by MarketBeat.com Staff

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