In a report issued on July 19, Kirk Materne from Evercore ISI maintained a Buy rating on Intuit (INTU – Research Report), with a price target of $500.00. The company’s shares closed last Tuesday at $414.22.
According to TipRanks.com, Materne is a 4-star analyst with an average return of 5.4% and a 53.6% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Tyler Technologies.
Currently, the analyst consensus on Intuit is a Strong Buy with an average price target of $526.92, representing a 24.3% upside. In a report issued on July 25, KeyBanc also maintained a Buy rating on the stock with a $475.00 price target.
The company has a one-year high of $716.86 and a one-year low of $339.36. Currently, Intuit has an average volume of 1.8M.
Based on the recent corporate insider activity of 100 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.
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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