UPDATE: Deutsche Bank Reiterates on Intuit Following Solid Revenue/EPS Report

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Intuit INTU, and raised the price target from $65.00 to $68.00. In the report, Deutsche Bank noted, “INTU reported revenue/EPS of $622m/($0.06) vs. our $600m/($0.10) and Street estimate of $603m/($0.10). Outperformance came from higher than expected momentum in small business, and some upside in Tax, from late filers. The new QB Online product had a modest contribution as it was made available to new subscribers towards the end of the quarter, but initial acceptance seems to be positive.” Intuit closed on Thursday at $73.16.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche BankGreg Poole
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!