Intuit Inc. (NASDAQ:INTU) has been the focus of numerous institutional transactions recently.
CX Institutional and Dividend Assets Capital were among those institutions that recently bought Intuit shares, as stock sold by
Handelsbanken Fonder AB and Folger Nolan Fleming Douglas Capital Management Inc. This strong institutional interest is backed by Intuit's performance, reporting robust
third-quarter results and raising its
full-year guidance.
Wells Fargo subsequently adjusted its price target for the company to $880.
Apart from strong fiscal performance, Intuit made notable strides in product development, launching
new data-driven tools for SMB growth at its FWD event. These developments, coupled with promising engagements from Intuit CEO
Sasan Goodarzi and CFO
Sandeep Aujla at investor conferences, seem to paint a bullish picture. The company also boosted its AI platform,
GenOS, aimed at revolutionizing business solutions. Meanwhile, investors are apparently anticipating continued
earnings growth from Intuit in the coming years, encouraged by its
'eye-popping' strength and the potential of its
AI division.
Intuit INTU News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 14 Jun 2025 19:41:12 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
