Intuit (INTU) Gets a Buy Rating from Mizuho Securities

Mizuho Securities analyst Siti Panigrahi maintained a Buy rating on Intuit (INTUResearch Report) on April 1 and set a price target of $650.00. The company’s shares closed last Monday at $505.65.

According to TipRanks.com, Panigrahi is a 3-star analyst with an average return of 2.0% and a 50.0% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

Intuit has an analyst consensus of Strong Buy, with a price target consensus of $648.78, a 33.7% upside from current levels. In a report issued on March 21, Stifel Nicolaus also maintained a Buy rating on the stock with a $580.00 price target.

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The company has a one-year high of $716.86 and a one-year low of $385.66. Currently, Intuit has an average volume of 1.95M.

Based on the recent corporate insider activity of 98 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. Last month, Laura Fennell, the EVP, People and Places of INTU sold 59,286 shares for a total of $28,162,224.

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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