Intuit Posts Strong Third-quarter Results; Raises Full-year Guidance
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Brean Capital Raises Price Target on Intuit (INTU) to $130 Following 3Q; Reiterates Buy
May 25, 2016 11:07 AM EDTBrean Capital reiterated a Buy rating on Intuit (NASDAQ: INTU), and raised the price target to $130.00 (from $125.00), following the company's 3Q earnings report. INTU reported strong consumer tax business and raised its FY16 revenue guidance to the high end of the previously pre-announced guidance range. It now expects 9% revenue growth from initial guidance of 5-7%.
Analyst Yun Kim commented, "INTU reported strong F3Q results, driven by... More
UBS Raises Price Target on Intuit (INTU) Following 3Q Beat and Raise
May 25, 2016 8:55 AM EDTUBS reiterated a Buy rating on Intuit (NASDAQ: INTU), and raised the price target to $134.00 (from $125.00), following the company's 3Q earnings report. INTU reported revenue of $2,304m, ahead of UBS estimates of 2,235m. EPS was reported ar 3.43 beating estimates of 3.18. FY16 revenue guidance was raised to $4,660-4,680m from 4,525-4,600m and EPS to $3.63-3.65 from 3.45-3.50.
Analyst Brent Thill commented, "INTU stock is +11% YTD (including 6% in last 4 days), significantly outperforming... More
Wedbush Remains Sidelined on Intuit (INTU) Following 3Q Beat
May 25, 2016 8:07 AM EDTWedbush reiterated a Neutral rating and $105.00 price target on Intuit (NASDAQ: INTU) following the company's 3Q earnings report. Revenue grew 8% to $2.3 billion and topped consensus of $2.25b and the high-end of the guidance of $2.21 billion. Non-GAAP EPS of $3.43 and topped both consensus of... More
