Intuit (INTU) Gets a Buy Rating from Credit Suisse

Credit Suisse analyst Brad Zelnick maintained a Buy rating on Intuit (INTUResearch Report) on March 26 and set a price target of $310.00. The company’s shares closed last Monday at $229.69.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 14.7% and a 68.1% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Ceridian HCM Holding.

Currently, the analyst consensus on Intuit is a Moderate Buy with an average price target of $300.85, representing a 25.4% upside. In a report issued on March 25, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $280.00 price target.

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Intuit’s market cap is currently $59.83B and has a P/E ratio of 40.20. The company has a Price to Book ratio of 31.86.

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Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.