Intuit Inc. (INTU), a major player in fintech, is regarded as one of the best stocks to purchase in 2024 and is expected to remain strong over the next decade. Various investment firms, including Quilter Plc and Stoneridge, and Ground Swell Capital, have been increasing their holdings in INTU. Insightful investors also appear bullish on INTU options. Despite being on a down trajectory along with the broader market recently, INTU's Q4 2024 earnings and revenues exceeded estimates, leading to a 0.3% increase in stock trading. Surprisingly, amidst AI-centered Q3 2024 earnings anticipations, INTU's stocks fell by 2.9%. However, Wall Street remains bullish and predicts a promising growth outlook for the company. Intuit has been compared to Microsoft in terms of becoming a mini-version of the tech giant, based on its continual solid performance in quarterly results. However, the company faced an unexpected loss and has been the largest S&P 500 decliner recently. Furthermore, with the introduction of the IDEAS program expansion, future Q3 earnings anticipation, and the company's shift in focus to AI, it appears set for sustained growth.
Intuit INTU News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Sun, 15 Sep 2024 12:36:42 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
