Mizuho Securities analyst Siti Panigrahi reiterated a Buy rating on Intuit (INTU – Research Report) on February 12 and set a price target of $650.00. The company’s shares closed yesterday at $421.97.
According to TipRanks, Panigrahi is an analyst with an average return of -5.7% and a 43.40% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Intuit, Oracle, and Workday.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $492.33 average price target, a 16.67% upside from current levels. In a report released on February 10, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 price target.
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INTU market cap is currently $117.5B and has a P/E ratio of 63.70.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTU in relation to earlier this year. Most recently, in December 2022, McLean Kerry J, the EVP, Gen. Counsel & Corp.Sec. of INTU sold 9,000.00 shares for a total of $3,852,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Incorporated in 1983, California-based Intuit, Inc., a software company, provides financial management solutions and compliance products and services for small businesses, accountants, and individuals. It operates through the following segments: Small Business and Self-Employed Group; Consumer Group; ProConnect Group and Credit Karma.
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