Morgan Stanley Sees Intuit Navigating Shifting Seas - Intuit (NASDAQ:INTU)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $72.00 price target on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Intuit

(NASDAQ: INTU).In the report, Morgan Stanley noted, “Q4 was generally solid with QBO subs +40% YoY, but model transitions drove FY15 guide below cons. Looking past near-term shifts, FY17 guide for $5 EPS was in line with our model, implying 13% EPS CAGR, but we also see this as more than priced in with the stock trading at 17x guided FY17 EPS.”Intuit closed on Thursday at $85.81.