Intuit Inc. (INTU) sees a range of movement, with its shares increasing or decreasing in value more than the market. While growth outlook triggers a slip,
Comgest Global Investors S.A.S. is expanding its stakes, and several other firms are boosting their holdings. On the other hand, others, like the
Kentucky Retirement Systems, are selling some shares. The options market offers insights about Intuit's performance, and institutional investors are heavily involved, owning 86% of the company. With earnings scheduled, the company's stock regularly surpasses market returns. Both analysts and brokers regard the stock positively, aiding in its upward trend. However, Intuit is reported to struggle with capital allocation.
Barclays raised Intuit's price target from $740 to $800. Intuit delivers strong quarterly results, reaffirms financial guidance, and beats estimates, which will likely fuel future stock movements. It announced the acquisition of technology from
Zendrive and takes proactive steps to integrate
AI into its operations, a decision which drove its growth. Wall Street's bullish views prompt further investment, making it a top stock to buy.
Intuit INTU News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 16 Nov 2024 15:37:01 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -2
